Latitude Advisors LLC Has $1.20 Million Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Latitude Advisors LLC decreased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 21.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 23,704 shares of the company’s stock after selling 6,523 shares during the period. Latitude Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JPST. Modera Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $432,000. Steward Partners Investment Advisory LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 10.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 63,462 shares of the company’s stock valued at $3,197,000 after purchasing an additional 5,872 shares in the last quarter. Synergy Investment Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $50,000. Souders Financial Advisors grew its stake in JPMorgan Ultra-Short Income ETF by 11.3% during the fourth quarter. Souders Financial Advisors now owns 340,031 shares of the company’s stock worth $17,127,000 after purchasing an additional 34,575 shares during the period. Finally, NewSquare Capital LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 3.3% in the fourth quarter. NewSquare Capital LLC now owns 9,382 shares of the company’s stock worth $473,000 after purchasing an additional 299 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.49 on Thursday. The firm has a market cap of $31.75 billion, a PE ratio of 109.76 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.29 and a 52-week high of $50.75. The business’s 50 day moving average price is $50.53 and its two-hundred day moving average price is $50.51.

JPMorgan Ultra-Short Income ETF Company Profile

The JPMorgan Ultra-Short Income ETF (JPST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated debt securities with an effective duration of one year or less. JPST was launched on May 17, 2017 and is managed by JPMorgan Chase.