Spire Wealth Management Reduces Position in JPMorgan Ultra-Short Income ETF $JPST

Spire Wealth Management trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,432,531 shares of the company’s stock after selling 258,013 shares during the period. JPMorgan Ultra-Short Income ETF comprises 2.5% of Spire Wealth Management’s holdings, making the stock its 4th biggest position. Spire Wealth Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $72,672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Chelsea Counsel Co. bought a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $25,000. Brentview Investment Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at $35,000. Silicon Valley Capital Partners bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at about $37,000. American National Bank & Trust bought a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $38,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $41,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.64 on Thursday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.78. The company has a market capitalization of $35.44 billion, a price-to-earnings ratio of 110.09 and a beta of 0.01. The company has a 50-day simple moving average of $50.66 and a 200 day simple moving average of $50.65.

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.