Firestone Capital Management Reduces Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Firestone Capital Management trimmed its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,342 shares of the company’s stock after selling 3,374 shares during the period. Firestone Capital Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its stake in JPMorgan Ultra-Short Income ETF by 10.7% during the second quarter. Rockefeller Capital Management L.P. now owns 630,157 shares of the company’s stock worth $31,936,000 after purchasing an additional 61,012 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 0.5% during the second quarter. Kingsview Wealth Management LLC now owns 132,461 shares of the company’s stock worth $6,713,000 after purchasing an additional 651 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of JPMorgan Ultra-Short Income ETF by 26.4% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 367,532 shares of the company’s stock worth $18,626,000 after buying an additional 76,660 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 34.7% in the 2nd quarter. Avantax Advisory Services Inc. now owns 1,203,845 shares of the company’s stock valued at $61,011,000 after buying an additional 310,070 shares in the last quarter. Finally, Security Financial Services INC. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 22.4% in the 2nd quarter. Security Financial Services INC. now owns 8,145 shares of the company’s stock valued at $413,000 after buying an additional 1,489 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.63 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.78. The firm has a market capitalization of $34.20 billion, a P/E ratio of 110.07 and a beta of 0.01. The company’s fifty day moving average price is $50.68 and its 200 day moving average price is $50.60.

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.