Cynosure Group LLC Cuts Position in JPMorgan Ultra-Short Income ETF $JPST

Cynosure Group LLC decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 64.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 128,929 shares of the company’s stock after selling 233,406 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 0.3% of Cynosure Group LLC’s portfolio, making the stock its 27th biggest holding. Cynosure Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,523,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Faithward Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 107.2% in the fourth quarter. Faithward Advisors LLC now owns 17,909 shares of the company’s stock valued at $906,000 after purchasing an additional 9,267 shares during the last quarter. Stark Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $911,000. Tobias Financial Advisors Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 6.6% in the fourth quarter. Tobias Financial Advisors Inc. now owns 11,088 shares of the company’s stock valued at $561,000 after purchasing an additional 686 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 312.6% in the fourth quarter. Venture Visionary Partners LLC now owns 25,494 shares of the company’s stock valued at $1,290,000 after purchasing an additional 19,315 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.52 on Tuesday. The firm has a market capitalization of $37.55 billion, a price-to-earnings ratio of 109.83 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79. The stock’s fifty day moving average is $50.51 and its two-hundred day moving average is $50.60.

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.