Mascoma Wealth Management LLC Decreases Stake in JPMorgan Ultra-Short Income ETF $JPST

Mascoma Wealth Management LLC trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 385,564 shares of the company’s stock after selling 44,655 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 4.0% of Mascoma Wealth Management LLC’s holdings, making the stock its 7th biggest holding. Mascoma Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $19,513,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $25,000. Jackson Hole Capital Partners LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $28,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $30,000. Motiv8 Investments LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $38,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock remained flat at $50.45 during trading on Friday. 7,859,971 shares of the stock traded hands, compared to its average volume of 6,763,187. The stock has a market capitalization of $39.70 billion, a price-to-earnings ratio of 109.67 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.39 and a 52-week high of $50.79. The company’s 50 day moving average price is $50.50 and its 200-day moving average price is $50.58.

JPMorgan Ultra-Short Income ETF 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.