WNY Asset Management LLC Cuts Stock Position in JPMorgan Ultra-Short Income ETF $JPST

WNY Asset Management LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,877 shares of the company’s stock after selling 2,479 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 0.9% of WNY Asset Management LLC’s holdings, making the stock its 21st largest holding. WNY Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,849,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chelsea Counsel Co. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $25,000. Pandora Wealth Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $34,000. Cooksen Wealth LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $36,000. Frazier Financial Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $41,000. Finally, Quaker Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 173.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after acquiring an additional 1,906 shares during the period. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.77 on Wednesday. The stock has a market capitalization of $34.29 billion, a PE ratio of 110.37 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.77. The business has a 50-day moving average of $50.68 and a 200 day moving average of $50.59.

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.