Sequoia Financial Advisors LLC Lowers Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Sequoia Financial Advisors LLC reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 28.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,040 shares of the company’s stock after selling 42,051 shares during the period. Sequoia Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,464,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nicholson Meyer Capital Management Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after acquiring an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after purchasing an additional 221 shares during the period. Whipplewood Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.2% in the first quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after purchasing an additional 227 shares during the period. Vista Cima Wealth Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 0.7% in the second quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock worth $1,766,000 after purchasing an additional 239 shares in the last quarter. Finally, Keel Point LLC grew its stake in JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after purchasing an additional 239 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPST opened at $50.36 on Friday. The stock’s fifty day moving average is $50.47 and its two-hundred day moving average is $50.51. The company has a market capitalization of $40.27 billion, a P/E ratio of 109.48 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.35 and a 52 week high of $50.79.

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.