Fluent Financial LLC Has $11.11 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Fluent Financial LLC decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 82.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 219,706 shares of the company’s stock after selling 1,037,650 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 4.0% of Fluent Financial LLC’s holdings, making the stock its 5th biggest holding. Fluent Financial LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $11,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cardiff Park Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $25,000. Jackson Hole Capital Partners LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $28,000. Sittner & Nelson LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $30,000. Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $32,000. Finally, Beacon Financial Strategies CORP bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at about $34,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.44 on Monday. The company has a market cap of $40.33 billion, a P/E ratio of 109.65 and a beta of 0.01. The business’s 50-day moving average price is $50.47 and its 200-day moving average price is $50.55. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79.

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.