Parkside Investments LLC Decreases Position in JPMorgan Ultra-Short Income ETF $JPST

Parkside Investments LLC lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 260,426 shares of the company’s stock after selling 14,007 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 1.7% of Parkside Investments LLC’s investment portfolio, making the stock its 15th biggest holding. Parkside Investments LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,175,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. AE Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 3.9% during the 3rd quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock worth $17,072,000 after purchasing an additional 12,743 shares during the last quarter. Mezzasalma Advisors LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 70.9% during the 4th quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after purchasing an additional 33,446 shares during the last quarter. Webster Bank N. A. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 27.0% during the 4th quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after purchasing an additional 22,815 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 10.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 167,729 shares of the company’s stock worth $8,509,000 after purchasing an additional 15,496 shares during the last quarter. Finally, Greenberg Financial Group purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $1,544,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.53 on Tuesday. The company has a 50 day moving average of $50.53 and a 200-day moving average of $50.62. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.42 and a 12-month high of $50.79. The firm has a market cap of $37.56 billion, a P/E ratio of 109.85 and a beta of 0.01.

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.