Floyd Financial Group LLC Cuts Stake in JPMorgan Ultra-Short Income ETF $JPST

Floyd Financial Group LLC reduced its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 30.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,931 shares of the company’s stock after selling 27,784 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 2.3% of Floyd Financial Group LLC’s investment portfolio, making the stock its 15th biggest holding. Floyd Financial Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,294,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth $28,000. Sittner & Nelson LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth $30,000. MGB Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $30,000. Finally, Motiv8 Investments LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth $32,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.50 on Friday. The company has a market cap of $37.53 billion, a P/E ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.41 and a 1 year high of $50.79. The stock’s fifty day moving average price is $50.52 and its 200-day moving average price is $50.59.

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.