Cahill Financial Advisors Inc. Decreases Position in JPMorgan Ultra-Short Income ETF $JPST

Cahill Financial Advisors Inc. decreased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 33.0% during the 2nd quarter, Holdings Channel reports. The firm owned 27,603 shares of the company’s stock after selling 13,620 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,396,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of 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 worth $5,386,450,000 after buying an additional 9,729,791 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 568.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock valued at $393,694,000 after acquiring an additional 6,617,940 shares during the last quarter. Bank of America Corp DE grew its stake in JPMorgan Ultra-Short Income ETF by 15.3% in 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 acquiring an additional 2,162,615 shares during the last quarter. Adventist Health System Sunbelt Healthcare Corp increased its holdings in JPMorgan Ultra-Short Income ETF by 215.9% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after acquiring an additional 1,921,600 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after acquiring an additional 1,459,312 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST opened at $50.40 on Thursday. The stock has a market cap of $40.30 billion, a P/E ratio of 109.57 and a beta of 0.01. The company has a 50-day moving average of $50.47 and a two-hundred day moving average of $50.51. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.35 and a 12-month high of $50.79.

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.