Apollon Wealth Management LLC Has $14.02 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Apollon Wealth Management LLC cut its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 276,389 shares of the company’s stock after selling 34,838 shares during the quarter. Apollon Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Temasek Holdings Private Ltd bought a new stake in JPMorgan Ultra-Short Income ETF during the first quarter valued at about $842,655,000. Bank of America Corp DE lifted its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after purchasing an additional 1,265,522 shares during the last quarter. RiverFront Investment Group LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 941.7% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock valued at $63,800,000 after purchasing an additional 1,138,031 shares during the period. Finally, Foster Dykema Cabot & Partners LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 42.2% in the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after buying an additional 1,132,264 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of NYSEARCA JPST opened at $50.75 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.78. The company has a market cap of $34.28 billion, a P/E ratio of 110.33 and a beta of 0.01. The business’s 50 day moving average is $50.67 and its two-hundred day moving average is $50.64.

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.