Heritage Oak Wealth Advisors LLC Sells 145,796 Shares of JPMorgan Ultra-Short Income ETF $JPST

Heritage Oak Wealth Advisors LLC trimmed its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 40.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,568 shares of the company’s stock after selling 145,796 shares during the period. JPMorgan Ultra-Short Income ETF comprises 3.4% of Heritage Oak Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Heritage Oak Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,657,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of JPST. JPMorgan Chase & Co. grew its holdings in JPMorgan Ultra-Short Income ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after acquiring an additional 9,729,791 shares during the period. Axxcess Wealth Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 568.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after purchasing an additional 6,617,940 shares in the last quarter. Temasek Holdings Private Ltd purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $300,296,000. Bank of America Corp DE grew its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares during the period. Finally, LPL Financial LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after purchasing an additional 1,459,312 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Down 0.3%

Shares of JPST opened at $50.40 on Thursday. The company has a 50-day simple moving average of $50.52 and a 200-day simple moving average of $50.59. The company has a market capitalization of $39.15 billion, a PE ratio of 109.57 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.39 and a 52-week high of $50.79.

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.