JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,329 shares of the company’s stock after selling 3,047 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $371,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Chelsea Counsel Co. bought a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $25,000. Pandora Wealth Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $34,000. Frazier Financial Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $41,000. Quaker Wealth Management LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 173.1% in the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after acquiring an additional 1,906 shares during the period. Finally, TD Private Client Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $48,000. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.62 on Monday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.78. The firm has a market capitalization of $34.19 billion, a PE ratio of 110.04 and a beta of 0.01. The company’s 50 day simple moving average is $50.67 and its 200 day simple moving average is $50.60.

About JPMorgan Ultra-Short Income ETF

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.