Foundations Investment Advisors LLC lowered its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 33.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 83,347 shares of the company’s stock after selling 41,330 shares during the period. Foundations Investment Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,224,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Chelsea Counsel Co. acquired a new stake 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 in the 1st quarter worth approximately $34,000. Frazier Financial Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $41,000. Quaker Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after buying an additional 1,906 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $48,000. 2.17% of the stock is owned by institutional investors and hedge funds.
JPMorgan Ultra-Short Income ETF Stock Performance
Shares of NYSEARCA:JPST opened at $50.63 on Friday. The company has a market capitalization of $34.20 billion, a PE ratio of 110.07 and a beta of 0.01. The stock has a fifty day moving average of $50.68 and a 200-day moving average of $50.60. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.78.
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.
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Want to see what other hedge funds are holding JPST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report).
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