Avestar Capital LLC Has $7.21 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

Avestar Capital LLC cut its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 51.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 142,252 shares of the company’s stock after selling 147,790 shares during the quarter. Avestar Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,212,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cravens & Co Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $5,289,000. Spectrum Planning & Advisory Services Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 10.5% during the fourth quarter. Spectrum Planning & Advisory Services Inc. now owns 252,878 shares of the company’s stock worth $12,793,000 after acquiring an additional 24,037 shares in the last quarter. Palatine Hill Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $377,000. Natixis Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $826,000. Finally, Martin Investment Management LLC bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $4,967,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.44 on Thursday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.42 and a twelve month high of $50.79. The firm has a market capitalization of $37.49 billion, a price-to-earnings ratio of 109.65 and a beta of 0.01. The stock’s 50 day moving average price is $50.52 and its two-hundred day moving average price is $50.61.

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.