JPMorgan Ultra-Short Income ETF $JPST Stock Sold by Spectrum Planning & Advisory Services Inc.

Spectrum Planning & Advisory Services Inc. trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 41.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,017 shares of the company’s stock after selling 91,460 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 2.8% of Spectrum Planning & Advisory Services Inc.’s holdings, making the stock its 8th biggest holding. Spectrum Planning & Advisory Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,549,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Blueline Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 9.2% during the third quarter. Blueline Advisors LLC now owns 2,746 shares of the company’s stock valued at $138,000 after purchasing an additional 232 shares during the period. Vista Cima Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 0.7% in the second quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock valued at $1,766,000 after purchasing an additional 239 shares in the last quarter. Hughes Financial Services LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 75.8% in the third quarter. Hughes Financial Services LLC now owns 589 shares of the company’s stock worth $30,000 after purchasing an additional 254 shares during the period. Gerald Baker Financial Group LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 3.1% in the third quarter. Gerald Baker Financial Group LLC now owns 8,382 shares of the company’s stock worth $422,000 after purchasing an additional 255 shares during the period. Finally, Financial Network Wealth Advisors LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 10.6% in the third quarter. Financial Network Wealth Advisors LLC now owns 2,674 shares of the company’s stock worth $135,000 after purchasing an additional 256 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.28 on Thursday. The company’s fifty day moving average is $50.33 and its 200-day moving average is $50.49. The stock has a market cap of $42.50 billion, a price-to-earnings ratio of 109.30 and a beta of 0.02. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month high of $50.79.

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.