JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Appleton Partners Inc. MA

Appleton Partners Inc. MA cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 455,063 shares of the company’s stock after selling 24,054 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 1.6% of Appleton Partners Inc. MA’s investment portfolio, making the stock its 14th largest holding. Appleton Partners Inc. MA’s holdings in JPMorgan Ultra-Short Income ETF were worth $23,031,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after purchasing an additional 46,400 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $3,603,000. EverSource Wealth Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after buying an additional 496 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $203,000. Finally, Brown Advisory Inc. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 7.6% during the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after buying an additional 431 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.42 on Monday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.39 and a 12-month high of $50.79. The firm has a market capitalization of $39.27 billion, a price-to-earnings ratio of 109.61 and a beta of 0.01. The business has a 50 day simple moving average of $50.51 and a 200 day simple moving average of $50.58.

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.