Modern Wealth Management LLC Cuts Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Modern Wealth Management LLC lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 27.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 53,418 shares of the company’s stock after selling 20,661 shares during the quarter. Modern Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Nicholson Meyer Capital Management Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 0.9% during the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after acquiring an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 2.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after acquiring an additional 221 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.2% in the first quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after purchasing an additional 227 shares during the last quarter. Keel Point LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after purchasing an additional 239 shares in the last quarter. Finally, Atticus Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 3.2% during the fourth quarter. Atticus Wealth Management LLC now owns 7,897 shares of the company’s stock valued at $399,000 after purchasing an additional 243 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.48 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.79. The stock has a market cap of $40.00 billion, a PE ratio of 109.74 and a beta of 0.01. The firm’s 50-day simple moving average is $50.49 and its 200 day simple moving average is $50.56.

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.