New Capital Management LP trimmed its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 93.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,456 shares of the company’s stock after selling 91,110 shares during the period. New Capital Management LP’s holdings in JPMorgan Ultra-Short Income ETF were worth $327,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of JPST. Rossmore Private Capital purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at about $25,000. Cardiff Park Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. MGB Wealth Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth about $30,000. Silicon Valley Capital Partners purchased a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth about $37,000. Finally, American National Bank & Trust bought a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at approximately $38,000. Institutional investors own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Stock Performance
JPST stock opened at $50.46 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The company has a market capitalization of $37.42 billion, a price-to-earnings ratio of 109.70 and a beta of 0.01. The business’s 50 day moving average price is $50.62 and its two-hundred day moving average price is $50.66.
JPMorgan Ultra-Short Income ETF Cuts Dividend
JPMorgan Ultra-Short Income ETF 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.
Further Reading
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