CAP Partners LLC Reduces Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

CAP Partners LLC lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,013 shares of the company’s stock after selling 866 shares during the quarter. CAP Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $913,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chelsea Counsel Co. purchased a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $25,000. Pandora Wealth Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $34,000. Cooksen Wealth LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $36,000. Frazier Financial Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $41,000. Finally, TD Private Client Wealth LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $48,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

JPMorgan Ultra-Short Income ETF stock opened at $50.73 on Friday. The stock has a market cap of $34.21 billion, a PE ratio of 110.28 and a beta of 0.03. The stock has a 50-day moving average price of $50.68 and a 200 day moving average price of $50.58. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.76.

JPMorgan Ultra-Short Income ETF 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.