YHB Investment Advisors Inc. Cuts Stock Position in JPMorgan Ultra-Short Income ETF $JPST

YHB Investment Advisors Inc. trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 397,889 shares of the company’s stock after selling 13,860 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 1.3% of YHB Investment Advisors Inc.’s holdings, making the stock its 17th largest position. YHB Investment Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $20,042,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Strengthening Families & Communities LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $28,000. Motiv8 Investments LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $32,000. Beacon Financial Strategies CORP bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $34,000. Allied Private Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $38,000. Finally, Rice Partnership LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 327.5% in the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after buying an additional 655 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST traded up $0.01 during trading hours on Thursday, hitting $50.28. 4,487,092 shares of the stock were exchanged, compared to its average volume of 6,789,764. The company’s 50 day moving average is $50.41 and its 200 day moving average is $50.47. The firm has a market capitalization of $42.39 billion, a P/E ratio of 109.32 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.79.

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.