Essex LLC Cuts Stake in JPMorgan Ultra-Short Income ETF $JPST

Essex LLC lessened its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 22.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,059 shares of the company’s stock after selling 15,572 shares during the quarter. Essex LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,793,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Webster Bank N. A. boosted its holdings in JPMorgan Ultra-Short Income ETF by 33.0% in the 3rd quarter. Webster Bank N. A. now owns 84,524 shares of the company’s stock worth $4,288,000 after acquiring an additional 20,953 shares during the period. Evolution Wealth Management Inc. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 66.8% in the third quarter. Evolution Wealth Management Inc. now owns 9,016 shares of the company’s stock valued at $457,000 after purchasing an additional 3,611 shares during the period. StoneCrest Wealth Management Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 2.9% during the 3rd quarter. StoneCrest Wealth Management Inc. now owns 45,178 shares of the company’s stock worth $2,292,000 after buying an additional 1,289 shares during the period. BKM Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $197,000. Finally, Summit Place Financial Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 56.6% during the third quarter. Summit Place Financial Advisors LLC now owns 49,600 shares of the company’s stock valued at $2,516,000 after acquiring an additional 17,932 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.64 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.78. The stock has a 50-day moving average price of $50.66 and a 200 day moving average price of $50.65. The company has a market capitalization of $35.87 billion, a P/E ratio of 110.09 and a beta of 0.01.

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.