Financial Security Advisor Inc. Cuts Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Financial Security Advisor Inc. cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 225,546 shares of the company’s stock after selling 10,776 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 2.2% of Financial Security Advisor Inc.’s holdings, making the stock its 11th largest holding. Financial Security Advisor Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $11,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Rossmore Private Capital purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $25,000. Cardiff Park Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $28,000. MGB Wealth Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $30,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $38,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Friday. The stock has a market capitalization of $37.53 billion, a PE ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.42 and a 12 month high of $50.79. The business has a 50 day simple moving average of $50.53 and a 200-day simple moving average of $50.62.

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.