JPMorgan Ultra-Short Income ETF $JPST Stake Trimmed by Rialto Wealth Management LLC

Rialto Wealth Management LLC lessened its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,551 shares of the company’s stock after selling 7,421 shares during the period. Rialto Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in JPST. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.7% during the first quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock valued at $5,068,793,000 after acquiring an additional 2,598,084 shares during the period. Temasek Holdings Private Ltd acquired a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $842,655,000. LPL Financial LLC grew its position in JPMorgan Ultra-Short Income ETF by 19.4% during the 1st quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock worth $767,511,000 after purchasing an additional 2,464,430 shares in the last quarter. HB Wealth Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 4.0% during the 2nd quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock worth $450,480,000 after purchasing an additional 342,791 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in JPMorgan Ultra-Short Income ETF by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after purchasing an additional 1,265,522 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.62 on Friday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.78. The firm has a market capitalization of $34.19 billion, a P/E ratio of 110.04 and a beta of 0.01. The stock has a fifty day moving average of $50.67 and a 200-day moving average of $50.60.

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.