Flaharty Asset Management LLC lowered its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 87.1% during the second quarter, HoldingsChannel.com reports. The firm owned 42,699 shares of the company’s stock after selling 289,307 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 3.1% of Flaharty Asset Management LLC’s holdings, making the stock its 15th largest holding. Flaharty Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,153,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth $25,000. Jackson Hole Capital Partners LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $28,000. Sittner & Nelson LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $30,000. Motiv8 Investments LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $32,000. Finally, Beacon Financial Strategies CORP purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $34,000. 2.17% of the stock is owned by institutional investors and hedge funds.
JPMorgan Ultra-Short Income ETF Stock Up 0.1%
JPST opened at $50.44 on Friday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.39 and a twelve month high of $50.79. The company has a 50-day moving average price of $50.47 and a 200 day moving average price of $50.55. The company has a market cap of $40.33 billion, a PE ratio of 109.65 and a beta of 0.01.
About JPMorgan Ultra-Short Income ETF
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.
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Want to see what other hedge funds are holding JPST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report).
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