Inspire Advisors LLC Lowers Position in JPMorgan Ultra-Short Income ETF $JPST

Inspire Advisors LLC trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,726 shares of the company’s stock after selling 10,619 shares during the period. Inspire Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Chelsea Counsel Co. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $25,000. Pandora Wealth Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF in the first quarter worth about $34,000. Frazier Financial Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth about $41,000. Quaker Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after purchasing an additional 1,906 shares during the last quarter. Finally, TD Private Client Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $48,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

JPMorgan Ultra-Short Income ETF stock opened at $50.66 on Tuesday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.78. The company has a market capitalization of $34.22 billion, a P/E ratio of 110.13 and a beta of 0.01. The stock’s 50 day moving average is $50.68 and its 200 day moving average is $50.60.

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.