Nwam LLC trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 47.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,677 shares of the company’s stock after selling 56,458 shares during the quarter. Nwam LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,230,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Rossmore Private Capital bought a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $25,000. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. Jackson Hole Capital Partners LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $28,000. MGB Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth about $30,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $38,000. 2.17% of the stock is owned by institutional investors.
JPMorgan Ultra-Short Income ETF Stock Up 0.0%
Shares of JPST stock opened at $50.50 on Friday. The stock has a 50-day moving average price of $50.55 and a 200 day moving average price of $50.63. The firm has a market cap of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.42 and a 12 month high of $50.79.
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.
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