Valley Wealth Managers Inc. cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 60.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,024 shares of the company’s stock after selling 94,709 shares during the period. Valley Wealth Managers Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,139,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $25,000. Jackson Hole Capital Partners LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth approximately $28,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $30,000. Motiv8 Investments LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $32,000. Finally, TD Private Client Wealth LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 89.1% during the 4th quarter. TD Private Client Wealth LLC now owns 743 shares of the company’s stock valued at $38,000 after purchasing an additional 350 shares during the period. 2.17% of the stock is currently owned by institutional investors.
JPMorgan Ultra-Short Income ETF Stock Performance
Shares of JPST stock opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The business’s fifty day moving average is $50.49 and its 200-day moving average is $50.57. The stock has a market cap of $40.02 billion, a PE ratio of 109.78 and a beta of 0.01.
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.
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