Verus Capital Partners LLC Decreases Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Verus Capital Partners LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 21.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,374 shares of the company’s stock after selling 2,564 shares during the period. Verus Capital Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $475,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in JPST. Bank of New York Mellon Corp lifted its position in JPMorgan Ultra-Short Income ETF by 223.0% in the first quarter. Bank of New York Mellon Corp now owns 103,716 shares of the company’s stock worth $5,251,000 after buying an additional 71,608 shares during the last quarter. Schechter Investment Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth $442,000. Sigma Planning Corp lifted its stake in JPMorgan Ultra-Short Income ETF by 0.5% in the first quarter. Sigma Planning Corp now owns 72,102 shares of the company’s stock worth $3,651,000 after acquiring an additional 367 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 27.1% in the 1st quarter. SBI Securities Co. Ltd. now owns 17,106 shares of the company’s stock worth $866,000 after purchasing an additional 3,646 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 56.1% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 15,609 shares of the company’s stock valued at $790,000 after acquiring an additional 5,611 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.63 on Wednesday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.78. The company has a market cap of $34.20 billion, a P/E ratio of 110.07 and a beta of 0.01. The stock’s 50-day moving average is $50.67 and its 200 day moving average is $50.60.

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.