Beacon Bank & Trust Sells 31,387 Shares of JPMorgan Ultra-Short Income ETF $JPST

Beacon Bank & Trust cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.5% during the 1st quarter, Holdings Channel reports. The firm owned 387,779 shares of the company’s stock after selling 31,387 shares during the period. JPMorgan Ultra-Short Income ETF makes up 4.0% of Beacon Bank & Trust’s holdings, making the stock its 5th largest holding. Beacon Bank & Trust’s holdings in JPMorgan Ultra-Short Income ETF were worth $19,625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nicholson Meyer Capital Management Inc. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% in the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after buying an additional 202 shares during the period. Lakeridge Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 4.5% during the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after acquiring an additional 206 shares during the period. EverSource Wealth Advisors LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 2.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after acquiring an additional 221 shares in the last quarter. Lantern Wealth Advisors LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 5.0% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock valued at $240,000 after acquiring an additional 226 shares in the last quarter. Finally, Keel Point LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after acquiring an additional 239 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.45 on Tuesday. The firm has a market cap of $39.29 billion, a P/E ratio of 109.67 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. The business’s fifty day moving average is $50.51 and its 200-day moving average is $50.58.

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.