Meridian Financial Partners LLC Sells 14,301 Shares of JPMorgan Ultra-Short Income ETF $JPST

Meridian Financial Partners LLC lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.7% during the fourth quarter, Holdings Channel reports. The firm owned 119,027 shares of the company’s stock after selling 14,301 shares during the period. JPMorgan Ultra-Short Income ETF comprises 2.4% of Meridian Financial Partners LLC’s portfolio, making the stock its 9th largest holding. Meridian Financial Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,036,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 2.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 75,558 shares of the company’s stock worth $3,822,000 after purchasing an additional 2,063 shares during the period. Flavin Financial Services Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 4.9% in the 4th quarter. Flavin Financial Services Inc. now owns 178,128 shares of the company’s stock worth $9,011,000 after purchasing an additional 8,283 shares during the period. Pinnacle Associates Ltd. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 47.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 34,635 shares of the company’s stock worth $1,752,000 after purchasing an additional 11,180 shares during the period. Western Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 10.2% in the 4th quarter. Western Wealth Management LLC now owns 68,482 shares of the company’s stock worth $3,464,000 after purchasing an additional 6,345 shares during the period. Finally, TFO Wealth Partners LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 10.1% in the 4th quarter. TFO Wealth Partners LLC now owns 52,512 shares of the company’s stock worth $2,657,000 after purchasing an additional 4,803 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.51 on Friday. The company has a market capitalization of $37.54 billion, a P/E ratio of 109.80 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.42 and a 52-week high of $50.79. The company’s 50 day moving average price is $50.53 and its 200-day moving average price is $50.63.

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.