JPMorgan Ultra-Short Income ETF $JPST Stake Cut by Houlihan Financial Resource Group Ltd.

Houlihan Financial Resource Group Ltd. lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 58.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 84,264 shares of the company’s stock after selling 118,017 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 3.8% of Houlihan Financial Resource Group Ltd.’s investment portfolio, making the stock its 5th largest position. Houlihan Financial Resource Group Ltd.’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its position in JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after buying an additional 2,162,615 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock valued at $562,208,000 after acquiring an additional 94,082 shares during the period. HB Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 4.7% during the 3rd quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock worth $469,487,000 after acquiring an additional 413,847 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 22.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after acquiring an additional 1,265,522 shares during the period. Finally, Cerity Partners LLC increased its stake in JPMorgan Ultra-Short Income ETF by 5.6% in the 2nd quarter. Cerity Partners LLC now owns 5,231,134 shares of the company’s stock valued at $265,114,000 after purchasing an additional 279,573 shares in the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.66 on Friday. The stock has a fifty day moving average price of $50.66 and a 200 day moving average price of $50.65. The stock has a market cap of $35.94 billion, a PE ratio of 110.13 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78.

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.