Janney Montgomery Scott LLC Sells 328,303 Shares of JPMorgan Ultra-Short Income ETF $JPST

Janney Montgomery Scott LLC trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 34.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 614,451 shares of the company’s stock after selling 328,303 shares during the period. Janney Montgomery Scott LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $31,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

NYSEARCA JPST opened at $50.58 on Tuesday. The company has a market cap of $37.59 billion, a price-to-earnings ratio of 109.96 and a beta of 0.01. 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.

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.