JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Oarsman Capital Inc.

Oarsman Capital Inc. trimmed its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 145,712 shares of the company’s stock after selling 11,526 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 0.5% of Oarsman Capital Inc.’s portfolio, making the stock its 23rd biggest holding. Oarsman Capital Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,369,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JPST. JPMorgan Chase & Co. increased its holdings in JPMorgan Ultra-Short Income ETF by 10.1% during the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after acquiring an additional 9,729,791 shares in the last quarter. Morgan Stanley raised its position in shares of JPMorgan Ultra-Short Income ETF by 2.4% during the 4th quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after purchasing an additional 1,449,509 shares during the last quarter. LPL Financial LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after buying an additional 1,459,312 shares in the last quarter. Bank of America Corp DE grew its holdings in JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after buying an additional 2,162,615 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in JPMorgan Ultra-Short Income ETF by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock worth $579,023,000 after buying an additional 194,855 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.54 on Monday. The company has a market capitalization of $40.41 billion, a price-to-earnings ratio of 109.87 and a beta of 0.01. The firm has a 50-day moving average price of $50.49 and a 200 day moving average price of $50.53. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.39 and a twelve month 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.