Mascagni Wealth Management Inc. Sells 2,202 Shares of JPMorgan Ultra-Short Income ETF $JPST

Mascagni Wealth Management Inc. lowered its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,148 shares of the company’s stock after selling 2,202 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 1.4% of Mascagni Wealth Management Inc.’s portfolio, making the stock its 19th largest holding. Mascagni Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,629,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in JPMorgan Ultra-Short Income ETF by 223.0% in the 1st quarter. Bank of New York Mellon Corp now owns 103,716 shares of the company’s stock valued at $5,251,000 after acquiring an additional 71,608 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 11.0% in the first quarter. Envestnet Asset Management Inc. now owns 2,963,226 shares of the company’s stock valued at $150,028,000 after purchasing an additional 292,666 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 22.0% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 11,511 shares of the company’s stock worth $583,000 after purchasing an additional 2,074 shares during the period. Stratos Investment Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 17.5% during the first quarter. Stratos Investment Management LLC now owns 14,806 shares of the company’s stock worth $750,000 after buying an additional 2,200 shares in the last quarter. Finally, John W. Brooker & Co. CPAs increased its holdings in JPMorgan Ultra-Short Income ETF by 22.2% in the 1st quarter. John W. Brooker & Co. CPAs now owns 373,901 shares of the company’s stock valued at $18,931,000 after buying an additional 67,862 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.59 on Thursday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78. The stock has a market capitalization of $34.17 billion, a price-to-earnings ratio of 109.98 and a beta of 0.01. The company’s 50 day simple moving average is $50.68 and its 200 day simple moving average is $50.60.

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.