Morton Capital Management LLC CA Sells 122,112 Shares of JPMorgan Ultra-Short Income ETF $JPST

Morton Capital Management LLC CA trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 21.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 451,584 shares of the company’s stock after selling 122,112 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 2.7% of Morton Capital Management LLC CA’s investment portfolio, making the stock its 7th largest holding. Morton Capital Management LLC CA owned about 0.05% of JPMorgan Ultra-Short Income ETF worth $22,746,000 at the end of the most recent quarter.

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

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.36 on Friday. The business has a 50 day simple moving average of $50.38 and a 200 day simple moving average of $50.46. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week high of $50.79. The stock has a market cap of $42.86 billion, a price-to-earnings ratio of 109.48 and a beta of 0.01.

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.