JDM Financial Group LLC reduced its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 19.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,873 shares of the company’s stock after selling 3,055 shares during the quarter. JDM Financial Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $652,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of JPST. Chelsea Counsel Co. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $25,000. Pandora Wealth Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth about $34,000. Cooksen Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth about $36,000. Frazier Financial Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth about $41,000. Finally, TD Private Client Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth about $48,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.
JPMorgan Ultra-Short Income ETF Price Performance
Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.77 on Wednesday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.77. The business has a 50-day moving average of $50.68 and a two-hundred day moving average of $50.59. The company has a market capitalization of $34.29 billion, a P/E ratio of 110.37 and a beta of 0.01.
About JPMorgan Ultra-Short Income ETF
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.
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