IFP Advisors Inc lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 32.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,334 shares of the company’s stock after selling 117,133 shares during the period. IFP Advisors Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,407,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in JPST. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $25,000. Strengthening Families & Communities LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at $28,000. Sittner & Nelson LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $30,000. Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $32,000. Finally, Beacon Financial Strategies CORP purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at about $34,000. Institutional investors and hedge funds own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Price Performance
Shares of NYSEARCA:JPST opened at $50.38 on Wednesday. The business has a 50-day moving average of $50.47 and a two-hundred day moving average of $50.52. The firm has a market capitalization of $40.28 billion, a PE ratio of 109.52 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.35 and a 12 month high of $50.79.
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.
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