BLB&B Advisors LLC trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 31.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 28,127 shares of the company’s stock after selling 12,634 shares during the period. BLB&B Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,427,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Rossmore Private Capital purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $25,000. Brentview Investment Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth about $35,000. Silicon Valley Capital Partners bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $37,000. American National Bank & Trust purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $38,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at about $41,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Stock Performance
JPST stock opened at $50.72 on Friday. The company has a market capitalization of $36.18 billion, a price-to-earnings ratio of 110.26 and a beta of 0.01. The business’s 50 day moving average price is $50.67 and its two-hundred day moving average price is $50.66. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.78.
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.
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