Prime Capital Investment Advisors LLC Cuts Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Prime Capital Investment Advisors LLC trimmed its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 23.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,612 shares of the company’s stock after selling 72,234 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JPST. Signal Advisors Wealth LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 86.3% in the 1st quarter. Signal Advisors Wealth LLC now owns 8,469 shares of the company’s stock worth $429,000 after buying an additional 3,922 shares during the last quarter. LexAurum Advisors LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 63.9% in the 1st quarter. LexAurum Advisors LLC now owns 306,414 shares of the company’s stock valued at $15,514,000 after acquiring an additional 119,453 shares during the last quarter. Perennial Advisors LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 8.9% in the 1st quarter. Perennial Advisors LLC now owns 190,837 shares of the company’s stock worth $9,662,000 after purchasing an additional 15,659 shares in the last quarter. Whitaker Myers Wealth Managers LTD. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.8% during the 1st quarter. Whitaker Myers Wealth Managers LTD. now owns 248,405 shares of the company’s stock worth $12,577,000 after purchasing an additional 18,073 shares during the last quarter. Finally, NavPoint Financial Inc. grew its position in shares of JPMorgan Ultra-Short Income ETF by 20.7% in the first quarter. NavPoint Financial Inc. now owns 193,588 shares of the company’s stock valued at $9,801,000 after purchasing an additional 33,180 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.61 on Monday. The stock’s fifty day moving average is $50.65 and its two-hundred day moving average is $50.57. The firm has a market capitalization of $34.00 billion, a P/E ratio of 110.02 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.76.

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.