JPMorgan Ultra-Short Income ETF $JPST Stock Sold by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 30.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 238,570 shares of the company’s stock after selling 105,658 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 0.7% of Winthrop Advisory Group LLC’s portfolio, making the stock its 28th largest holding. Winthrop Advisory Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,017,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of JPST. Strengthening Families & Communities LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $34,000. Allied Private Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth approximately $38,000. Rice Partnership LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 327.5% in the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after acquiring an additional 655 shares during the period. Finally, Abound Wealth Management grew its stake in shares of JPMorgan Ultra-Short Income ETF by 1,963.3% in the second quarter. Abound Wealth Management now owns 1,011 shares of the company’s stock worth $51,000 after acquiring an additional 962 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST traded down $0.02 during mid-day trading on Friday, hitting $50.36. 22,232,105 shares of the company traded hands, compared to its average volume of 6,948,486. The stock has a market cap of $42.86 billion, a price-to-earnings ratio of 109.48 and a beta of 0.01. The stock has a 50-day moving average price of $50.38 and a two-hundred day moving average price of $50.46. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.79.

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.