Nolet Wealth Management LLC lowered its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 66.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,999 shares of the company’s stock after selling 20,213 shares during the period. Nolet Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $506,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Cardiff Park Advisors LLC acquired a new stake in shares of 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 valued at $28,000. Sittner & Nelson LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth 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, Beacon Financial Strategies CORP bought a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Stock Performance
JPST opened at $50.45 on Wednesday. The company has a 50-day moving average of $50.47 and a 200-day moving average of $50.55. The company has a market capitalization of $40.34 billion, a P/E ratio of 109.67 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.39 and a 1-year high of $50.79.
About JPMorgan Ultra-Short Income ETF
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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