Modera Wealth Management LLC Sells 349,934 Shares of JPMorgan Ultra-Short Income ETF $JPST

Modera Wealth Management LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 98.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,106 shares of the company’s stock after selling 349,934 shares during the period. Modera Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in JPST. HB Wealth Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 5.4% during the 2nd quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock worth $506,509,000 after acquiring an additional 514,497 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.1% in the 1st quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock valued at $271,917,000 after purchasing an additional 534,875 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock valued at $184,468,000 after purchasing an additional 245,314 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.2% in the 1st quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock valued at $170,925,000 after purchasing an additional 312,033 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp lifted its position in shares of JPMorgan Ultra-Short Income ETF by 215.9% in the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after purchasing an additional 1,921,600 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.25 on Wednesday. The company has a 50 day moving average price of $50.36 and a 200-day moving average price of $50.50. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.79. The stock has a market capitalization of $42.37 billion, a PE ratio of 109.24 and a beta of 0.02.

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.