Freedom Investment Management Inc. Cuts Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Freedom Investment Management Inc. reduced its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 74.4% during the 4th quarter, HoldingsChannel reports. The fund owned 25,076 shares of the company’s stock after selling 72,746 shares during the period. Freedom Investment Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,263,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. One Degree Advisors Inc boosted its holdings in JPMorgan Ultra-Short Income ETF by 3.8% in the 4th quarter. One Degree Advisors Inc now owns 6,075 shares of the company’s stock valued at $306,000 after purchasing an additional 222 shares during the last quarter. Moloney Securities Asset Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 1.6% in the fourth quarter. Moloney Securities Asset Management LLC now owns 14,662 shares of the company’s stock worth $739,000 after acquiring an additional 224 shares during the period. Linscomb Wealth Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 3.1% during the fourth quarter. Linscomb Wealth Inc. now owns 8,026 shares of the company’s stock worth $404,000 after acquiring an additional 241 shares during the last quarter. Eastern Bank increased its stake in JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after acquiring an additional 250 shares during the last quarter. Finally, SteelPeak Wealth LLC raised its position in JPMorgan Ultra-Short Income ETF by 4.2% in the fourth quarter. SteelPeak Wealth LLC now owns 6,394 shares of the company’s stock valued at $323,000 after purchasing an additional 260 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.49 on Friday. The stock has a fifty day simple moving average of $50.51 and a 200-day simple moving average of $50.50. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month high of $50.75.

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.