Chapin Davis Inc. Sells 117,236 Shares of JPMorgan Ultra-Short Income ETF $JPST

Chapin Davis Inc. trimmed its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 91.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,095 shares of the company’s stock after selling 117,236 shares during the period. Chapin Davis Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $559,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPST. Nicholson Meyer Capital Management Inc. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after buying an additional 202 shares during the period. Whipplewood Advisors LLC raised its stake in JPMorgan Ultra-Short Income ETF by 1.2% during the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after acquiring an additional 227 shares in the last quarter. Vista Cima Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 0.7% during the 2nd quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock worth $1,766,000 after acquiring an additional 239 shares during the period. Secured Retirement Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 5.1% during the 1st quarter. Secured Retirement Advisors LLC now owns 5,003 shares of the company’s stock worth $253,000 after acquiring an additional 243 shares during the period. Finally, Signal Advisors Wealth LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 1.0% in the first quarter. Signal Advisors Wealth LLC now owns 26,452 shares of the company’s stock worth $1,339,000 after purchasing an additional 252 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.27 on Friday. The firm has a market capitalization of $42.38 billion, a price-to-earnings ratio of 109.28 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. The stock’s fifty day moving average is $50.41 and its 200-day moving average is $50.47.

JPMorgan Ultra-Short Income ETF Company 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.