JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Legacy Private Trust Co.

Legacy Private Trust Co. reduced its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 343,073 shares of the company’s stock after selling 4,657 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 1.1% of Legacy Private Trust Co.’s portfolio, making the stock its 19th largest holding. Legacy Private Trust Co.’s holdings in JPMorgan Ultra-Short Income ETF were worth $17,387,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Temasek Holdings Private Ltd bought a new position in JPMorgan Ultra-Short Income ETF in the first quarter worth about $842,655,000. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock worth $5,068,793,000 after purchasing an additional 2,598,084 shares during the last quarter. LPL Financial LLC boosted its position in JPMorgan Ultra-Short Income ETF by 19.4% during the 1st quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after purchasing an additional 2,464,430 shares during the period. Exchange Traded Concepts LLC grew its stake in JPMorgan Ultra-Short Income ETF by 1,058.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,740,737 shares of the company’s stock worth $88,134,000 after buying an additional 1,590,431 shares during the last quarter. Finally, Fountainhead AM LLC grew its stake in JPMorgan Ultra-Short Income ETF by 153.9% during the 1st quarter. Fountainhead AM LLC now owns 1,799,998 shares of the company’s stock worth $91,134,000 after buying an additional 1,091,012 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.68 on Monday. The firm has a fifty day moving average of $50.61 and a 200-day moving average of $50.55. The company has a market cap of $32.36 billion, a price-to-earnings ratio of 110.17 and a beta of 0.03. 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 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.