Kestra Private Wealth Services LLC Sells 68,498 Shares of JPMorgan Ultra-Short Income ETF $JPST

Kestra Private Wealth Services LLC lessened its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 33.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,405 shares of the company’s stock after selling 68,498 shares during the period. Kestra Private Wealth Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cardiff Park Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Jackson Hole Capital Partners LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $28,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $30,000. MGB Wealth Management LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $30,000. Finally, Motiv8 Investments LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $32,000. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.57 on Friday. The company has a 50 day moving average of $50.52 and a 200-day moving average of $50.59. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79. The company has a market cap of $37.59 billion, a PE ratio of 109.93 and a beta of 0.01.

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.