Howard Financial Services LTD. Lowers Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Howard Financial Services LTD. reduced its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 31.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,222 shares of the company’s stock after selling 70,390 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 0.8% of Howard Financial Services LTD.’s holdings, making the stock its 29th biggest position. Howard Financial Services LTD.’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nicholson Meyer Capital Management Inc. grew its position in JPMorgan Ultra-Short Income ETF by 0.9% in the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after purchasing an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 2.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after buying an additional 221 shares in the last quarter. Whipplewood Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 1.2% during the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after buying an additional 227 shares in the last quarter. Keel Point LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after buying an additional 239 shares during the last quarter. Finally, Atticus Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 3.2% in the 4th quarter. Atticus Wealth Management LLC now owns 7,897 shares of the company’s stock worth $399,000 after buying an additional 243 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPST stock opened at $50.42 on Wednesday. The firm has a market cap of $40.32 billion, a PE ratio of 109.61 and a beta of 0.01. The business has a 50 day moving average of $50.48 and a 200-day moving average of $50.55. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.39 and a 12-month 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.