JPMorgan Ultra-Short Income ETF $JPST Position Decreased by Sowell Financial Services LLC

Sowell Financial Services LLC trimmed its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 39.8% in the third quarter, Holdings Channel reports. The firm owned 212,477 shares of the company’s stock after selling 140,628 shares during the period. Sowell Financial Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPST. Strengthening Families & Communities LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth about $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $34,000. Allied Private Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $38,000. Rice Partnership LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 327.5% in the 1st quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after acquiring an additional 655 shares during the last quarter. Finally, Abound Wealth Management lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1,963.3% in the 2nd quarter. Abound Wealth Management now owns 1,011 shares of the company’s stock worth $51,000 after acquiring an additional 962 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 Performance

NYSEARCA:JPST opened at $50.39 on Thursday. The stock has a market capitalization of $43.09 billion, a P/E ratio of 109.54 and a beta of 0.01. The company has a 50 day moving average price of $50.38 and a 200 day moving average price of $50.51. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week 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.