JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC reduced its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,512 shares of the company’s stock after selling 200 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPST. Temasek Holdings Private Ltd acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $842,655,000. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 2.7% during the first quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock valued at $5,068,793,000 after buying an additional 2,598,084 shares during the period. LPL Financial LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 19.4% during the first quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after buying an additional 2,464,430 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 1,058.1% during the first quarter. Exchange Traded Concepts LLC now owns 1,740,737 shares of the company’s stock valued at $88,134,000 after buying an additional 1,590,431 shares during the period. Finally, Fountainhead AM LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 153.9% during the first quarter. Fountainhead AM LLC now owns 1,799,998 shares of the company’s stock valued at $91,134,000 after buying an additional 1,091,012 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.68 on Monday. The company has a market capitalization of $32.36 billion, a price-to-earnings ratio of 110.17 and a beta of 0.03. The company’s 50 day simple moving average is $50.61 and its 200 day simple moving average is $50.55. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.75.

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.