Orion Porfolio Solutions LLC Sells 32,792 Shares of JPMorgan Ultra-Short Income ETF $JPST

Orion Porfolio Solutions LLC cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 33.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,794 shares of the company’s stock after selling 32,792 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,334,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Temasek Holdings Private Ltd bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at $842,655,000. Bank of America Corp DE boosted its position in JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after buying an additional 2,162,615 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 22.6% during 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 buying an additional 1,265,522 shares during the last quarter. RiverFront Investment Group LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 941.7% during the second quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock valued at $63,800,000 after buying an additional 1,138,031 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 42.2% in the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock worth $193,336,000 after buying an additional 1,132,264 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.67 on Thursday. The business has a 50-day moving average of $50.67 and a 200 day moving average of $50.63. 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 $34.22 billion, a PE ratio of 110.15 and a beta of 0.01.

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.