Elevatus Welath Management Cuts Stake in JPMorgan Ultra-Short Income ETF $JPST

Elevatus Welath Management decreased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 28.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,503 shares of the company’s stock after selling 96,424 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 4.0% of Elevatus Welath Management’s investment portfolio, making the stock its 5th largest holding. Elevatus Welath Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,037,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPST. Chelsea Counsel Co. bought a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter worth about $25,000. Brentview Investment Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $35,000. Frazier Financial Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $41,000. Quaker Wealth Management LLC raised its position in JPMorgan Ultra-Short Income ETF by 173.1% in the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after buying an additional 1,906 shares during the last quarter. Finally, Vestor Capital LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $41,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.64 on Friday. The stock has a market capitalization of $34.20 billion, a P/E ratio of 110.09 and a beta of 0.01. 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 50 day moving average of $50.67 and a 200-day moving average of $50.63.

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.