JPMorgan Ultra-Short Income ETF $JPST Stock Sold by Cooper Financial Group

Cooper Financial Group trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 339,962 shares of the company’s stock after selling 15,329 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 1.4% of Cooper Financial Group’s holdings, making the stock its 19th biggest holding. Cooper Financial Group’s holdings in JPMorgan Ultra-Short Income ETF were worth $17,124,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Adventist Health System Sunbelt Healthcare Corp raised its stake in shares of JPMorgan Ultra-Short Income ETF by 215.9% during the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after acquiring an additional 1,921,600 shares during the last quarter. John A. Wolfe & Associates Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $63,540,000. Focus Partners Wealth raised its position in JPMorgan Ultra-Short Income ETF by 149.9% during the 4th quarter. Focus Partners Wealth now owns 1,440,192 shares of the company’s stock valued at $72,957,000 after purchasing an additional 863,988 shares during the last quarter. Kensington Asset Management LLC raised its position in JPMorgan Ultra-Short Income ETF by 71.7% during the 1st quarter. Kensington Asset Management LLC now owns 1,994,639 shares of the company’s stock valued at $100,949,000 after purchasing an additional 832,640 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 65.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,925,152 shares of the company’s stock worth $97,393,000 after buying an additional 761,030 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock traded up $0.02 on Wednesday, reaching $50.27. The company’s stock had a trading volume of 6,289,955 shares, compared to its average volume of 6,806,875. The firm has a market cap of $42.05 billion, a PE ratio of 109.28 and a beta of 0.01. The business has a fifty day simple moving average of $50.41 and a two-hundred day simple moving average of $50.47. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month 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.