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

Wealthedge Investment Advisors LLC trimmed its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.6% during the second quarter, Holdings Channel.com reports. The fund owned 45,433 shares of the company’s stock after selling 1,215 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 1.0% of Wealthedge Investment Advisors LLC’s portfolio, making the stock its 27th biggest holding. Wealthedge Investment Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,303,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JPST. JPMorgan Chase & Co. boosted its holdings in JPMorgan Ultra-Short Income ETF by 2.7% during the first quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock worth $5,068,793,000 after purchasing an additional 2,598,084 shares during the last quarter. Temasek Holdings Private Ltd purchased a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $842,655,000. Charles Schwab Investment Management Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock worth $562,208,000 after buying an additional 94,082 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 4.0% in the 2nd quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock worth $450,480,000 after buying an additional 342,791 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 22.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after acquiring an additional 1,265,522 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST opened at $50.75 on Monday. The stock has a 50 day moving average of $50.68 and a 200 day moving average of $50.62. The company has a market capitalization of $34.28 billion, a price-to-earnings ratio of 110.33 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.78.

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.