JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Frisch Financial Group Inc.

Frisch Financial Group Inc. reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 37.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,827 shares of the company’s stock after selling 124,852 shares during the period. JPMorgan Ultra-Short Income ETF comprises 2.2% of Frisch Financial Group Inc.’s investment portfolio, making the stock its 16th biggest position. Frisch Financial Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPST. Nicholson Meyer Capital Management Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 0.9% in the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after purchasing an additional 202 shares during the last quarter. Lakeridge Wealth Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 4.5% in the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after buying an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in JPMorgan Ultra-Short Income ETF by 2.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after acquiring an additional 221 shares during the last quarter. Whipplewood Advisors LLC grew its stake in JPMorgan Ultra-Short Income ETF by 1.2% in the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after acquiring an additional 227 shares during the last quarter. Finally, Keel Point LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after acquiring an additional 239 shares in the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.48 on Friday. The stock has a market cap of $39.90 billion, a P/E ratio of 109.74 and a beta of 0.01. The company has a 50-day moving average of $50.49 and a two-hundred day moving average of $50.57. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.39 and a 12-month 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.