Legacy Wealth Advisors LLC Sells 58,431 Shares of JPMorgan Ultra-Short Income ETF $JPST

Legacy Wealth Advisors LLC reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,719 shares of the company’s stock after selling 58,431 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 9.5% of Legacy Wealth Advisors LLC’s portfolio, making the stock its 2nd largest position. Legacy Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $18,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $25,000. Jackson Hole Capital Partners LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth $28,000. Sittner & Nelson LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth $30,000. Motiv8 Investments LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $38,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.50 on Friday. The stock’s 50-day simple moving average is $50.49 and its 200 day simple moving average is $50.57. The company has a market cap of $40.02 billion, a P/E ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.39 and a 52-week high of $50.79.

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.