15,756 JPMorgan Ultra-Short Income ETF $JPST Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 211,186 shares of the company’s stock after selling 15,756 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 1.0% of HBW Advisory Services LLC’s investment portfolio, making the stock its 19th largest position. HBW Advisory Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,637,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strengthening Families & Communities LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $28,000. Beacon Financial Strategies CORP purchased a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $34,000. Allied Private Wealth LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth about $38,000. Rice Partnership LLC raised its position in JPMorgan Ultra-Short Income ETF by 327.5% during the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after acquiring an additional 655 shares during the last quarter. Finally, Abound Wealth Management raised its position in JPMorgan Ultra-Short Income ETF by 1,963.3% during the second quarter. Abound Wealth Management now owns 1,011 shares of the company’s stock worth $51,000 after acquiring an additional 962 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.30 on Thursday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month high of $50.79. The company has a market capitalization of $42.43 billion, a PE ratio of 109.35 and a beta of 0.01. The firm’s 50-day moving average is $50.40 and its two-hundred day moving average is $50.46.

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.