Transcendent Capital Group LLC Cuts Stake in JPMorgan Ultra-Short Income ETF $JPST

Transcendent Capital Group LLC reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,235 shares of the company’s stock after selling 7,520 shares during the period. JPMorgan Ultra-Short Income ETF makes up 1.7% of Transcendent Capital Group LLC’s portfolio, making the stock its 19th largest holding. Transcendent Capital Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,255,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Chelsea Counsel Co. purchased a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at approximately $25,000. Pandora Wealth Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at approximately $34,000. Cooksen Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at $36,000. TD Private Client Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at $48,000. Finally, Sound Income Strategies LLC increased its position in JPMorgan Ultra-Short Income ETF by 54.9% in the second quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock worth $59,000 after purchasing an additional 412 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

JPMorgan Ultra-Short Income ETF stock opened at $50.64 on Friday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.76. The firm’s fifty day moving average is $50.65 and its 200 day moving average is $50.57. The company has a market cap of $34.15 billion, a price-to-earnings ratio of 110.09 and a beta of 0.03.

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.