N.E.W. Advisory Services LLC Sells 14,363 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

N.E.W. Advisory Services LLC lessened its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 684,231 shares of the company’s stock after selling 14,363 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 4.2% of N.E.W. Advisory Services LLC’s investment portfolio, making the stock its 7th biggest position. N.E.W. Advisory Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $34,369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JPST. Bank of New York Mellon Corp boosted its position in shares of JPMorgan Ultra-Short Income ETF by 29.5% in the third quarter. Bank of New York Mellon Corp now owns 12,705 shares of the company’s stock valued at $638,000 after acquiring an additional 2,892 shares during the period. Brown Advisory Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 23.9% in the 3rd quarter. Brown Advisory Inc. now owns 6,032 shares of the company’s stock valued at $303,000 after purchasing an additional 1,164 shares during the period. WealthShield Partners LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 20.9% during the 3rd quarter. WealthShield Partners LLC now owns 13,011 shares of the company’s stock worth $653,000 after purchasing an additional 2,249 shares in the last quarter. Verdence Capital Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $437,000. Finally, BluePath Capital Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $26,000.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock remained flat at $50.28 during mid-day trading on Monday. The company’s stock had a trading volume of 4,071,274 shares, compared to its average volume of 3,904,867. The firm’s 50 day simple moving average is $50.34 and its two-hundred day simple moving average is $50.30. JPMorgan Ultra-Short Income ETF has a 12-month low of $49.93 and a 12-month high of $50.51.

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.