Montag A & Associates Inc. Trims Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Montag A & Associates Inc. decreased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,303 shares of the company’s stock after selling 29,419 shares during the period. Montag A & Associates Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in JPMorgan Ultra-Short Income ETF by 8.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after acquiring an additional 7,786,258 shares during the last quarter. Bank of America Corp DE raised its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after buying an additional 2,162,615 shares during the last quarter. UBS Group AG raised its stake in shares of JPMorgan Ultra-Short Income ETF by 5.9% during the 4th quarter. UBS Group AG now owns 9,469,398 shares of the company’s stock valued at $479,057,000 after buying an additional 531,080 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 1.5% during the 4th quarter. HB Wealth Management LLC now owns 9,443,109 shares of the company’s stock valued at $475,272,000 after buying an additional 140,546 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 3.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,086,795 shares of the company’s stock valued at $358,734,000 after buying an additional 232,920 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.45 on Friday. The stock has a 50-day simple moving average of $50.57 and a two-hundred day simple moving average of $50.64. The firm has a market capitalization of $37.50 billion, a P/E ratio of 109.67 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79.

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.