JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC decreased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 33.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 49,187 shares of the company’s stock after selling 25,260 shares during the period. Wealthcare Advisory Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,487,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPST. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at $25,000. Jackson Hole Capital Partners LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $28,000. Sittner & Nelson LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $30,000. Motiv8 Investments LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $32,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of NYSEARCA:JPST opened at $50.46 on Thursday. The company has a market cap of $40.35 billion, a PE ratio of 109.70 and a beta of 0.01. The company’s 50-day moving average price is $50.47 and its 200 day moving average price is $50.54. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two 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.