Howard Wealth Management LLC Decreases Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Howard Wealth Management LLC decreased its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98,141 shares of the company’s stock after selling 16,519 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 2.3% of Howard Wealth Management LLC’s holdings, making the stock its 10th largest holding. Howard Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,979,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JPST. Millennium Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after acquiring an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $3,603,000. TD Private Client Wealth LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $48,000. Sound Income Strategies LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 54.9% in the 2nd quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock worth $59,000 after buying an additional 412 shares during the last quarter. Finally, HB Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 4.0% during the 2nd quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock valued at $450,480,000 after buying an additional 342,791 shares in the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.74 on Wednesday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78. The company has a market capitalization of $36.22 billion, a P/E ratio of 110.30 and a beta of 0.01. The company has a fifty day moving average of $50.67 and a 200-day moving average of $50.66.

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.