Cornerstone Wealth Group LLC cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 64.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,666 shares of the company’s stock after selling 12,015 shares during the period. Cornerstone Wealth Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $337,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Cardiff Park Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $28,000. Sittner & Nelson LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $30,000. Motiv8 Investments LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Price Performance
Shares of NYSEARCA:JPST opened at $50.58 on Tuesday. The stock has a market cap of $37.59 billion, a P/E ratio of 109.96 and a beta of 0.01. The firm has a fifty day moving average price of $50.52 and a 200 day moving average price of $50.59. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79.
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.
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