PFG Investments LLC Sells 20,072 Shares of JPMorgan Ultra-Short Income ETF $JPST

PFG Investments LLC decreased its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 920,333 shares of the company’s stock after selling 20,072 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 2.2% of PFG Investments LLC’s portfolio, making the stock its 5th biggest position. PFG Investments LLC owned 0.12% of JPMorgan Ultra-Short Income ETF worth $46,578,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Mezzasalma Advisors LLC increased its position in JPMorgan Ultra-Short Income ETF by 70.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock valued at $4,082,000 after buying an additional 33,446 shares in the last quarter. Webster Bank N. A. boosted its holdings in JPMorgan Ultra-Short Income ETF by 27.0% in the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after acquiring an additional 22,815 shares in the last quarter. Buck Wealth Strategies LLC grew its stake in JPMorgan Ultra-Short Income ETF by 7.3% in the fourth quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after acquiring an additional 19,402 shares during the period. Greenberg Financial Group acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $1,544,000. Finally, Optima Capital LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $3,485,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.42 on Friday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.39 and a twelve month high of $50.79. The stock’s 50 day moving average is $50.51 and its 200-day moving average is $50.59. The firm has a market capitalization of $39.17 billion, a price-to-earnings ratio of 109.61 and a beta of 0.01.

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.