JPMorgan Ultra-Short Income ETF $JPST Shares Sold by MGO One Seven LLC

MGO One Seven LLC lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.7% in the third quarter, HoldingsChannel reports. The fund owned 762,159 shares of the company’s stock after selling 91,127 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 0.9% of MGO One Seven LLC’s portfolio, making the stock its 14th largest position. MGO One Seven LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $38,664,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JPST. Millennium Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $3,603,000. Jones Financial Companies Lllp increased its position in shares of JPMorgan Ultra-Short Income ETF by 84.4% during the first quarter. Jones Financial Companies Lllp now owns 834,658 shares of the company’s stock worth $42,250,000 after purchasing an additional 381,973 shares in the last quarter. Centurion Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 2.0% in the 2nd quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock valued at $515,000 after purchasing an additional 200 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 2.8% in the 2nd quarter. Salem Investment Counselors Inc. now owns 49,260 shares of the company’s stock valued at $2,496,000 after purchasing an additional 1,335 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

JPMorgan Ultra-Short Income ETF stock opened at $50.63 on Monday. The company has a fifty day simple moving average of $50.66 and a 200-day simple moving average of $50.65. The firm has a market capitalization of $35.86 billion, a price-to-earnings ratio of 110.07 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78.

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.