IFP Advisors Inc Sells 24,351 Shares of JPMorgan Ultra-Short Income ETF $JPST

IFP Advisors Inc decreased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.9% during the 4th quarter, HoldingsChannel reports. The fund owned 391,796 shares of the company’s stock after selling 24,351 shares during the period. IFP Advisors Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $19,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of JPST. Millennium Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after acquiring an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth $3,603,000. EverSource Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 99.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after acquiring an additional 496 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth $203,000. Finally, Brown Advisory Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after acquiring an additional 431 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.49 on Wednesday. The company’s fifty day simple moving average is $50.53 and its 200-day simple moving average is $50.62. The company has a market cap of $37.53 billion, a price-to-earnings ratio of 109.76 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.42 and a 1 year 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.