Verus Capital Partners LLC Cuts Position in JPMorgan Ultra-Short Income ETF $JPST

Verus Capital Partners LLC lowered its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 21.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,374 shares of the company’s stock after selling 2,564 shares during the period. Verus Capital Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Chelsea Counsel Co. bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth $25,000. Pandora Wealth Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $34,000. Quaker Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 173.1% in the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after purchasing an additional 1,906 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth about $41,000. Finally, Cullen Frost Bankers Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 75.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 949 shares of the company’s stock worth $48,000 after acquiring an additional 408 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.63 on Wednesday. The firm’s fifty day moving average is $50.67 and its 200 day moving average is $50.60. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.78. The stock has a market cap of $34.20 billion, a price-to-earnings ratio of 110.07 and a beta of 0.01.

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.