JPMorgan Ultra-Short Income ETF $JPST Stake Cut by Castleview Partners LLC

Castleview Partners LLC cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 43.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,486 shares of the company’s stock after selling 35,799 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 1.2% of Castleview Partners LLC’s investment portfolio, making the stock its 17th largest holding. Castleview Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cardiff Park Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $25,000. Jackson Hole Capital Partners LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $28,000. Sittner & Nelson LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $30,000. Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST remained flat at $50.45 during mid-day trading on Friday. 7,859,971 shares of the stock were exchanged, compared to its average volume of 6,763,187. The firm has a market capitalization of $39.78 billion, a PE ratio of 109.67 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.39 and a 1-year high of $50.79. The stock has a fifty day simple moving average of $50.50 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.