Prime Capital Investment Advisors LLC Sells 17,271 Shares of JPMorgan Ultra-Short Income ETF $JPST

Prime Capital Investment Advisors LLC decreased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 196,999 shares of the company’s stock after selling 17,271 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. HB Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 5.4% during the 2nd quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock worth $506,509,000 after acquiring an additional 514,497 shares during the period. Royal Bank of Canada raised its stake in JPMorgan Ultra-Short Income ETF by 11.1% during the first quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock worth $271,917,000 after acquiring an additional 534,875 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in JPMorgan Ultra-Short Income ETF by 7.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock worth $184,468,000 after purchasing an additional 245,314 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 10.2% in the 1st quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock valued at $170,925,000 after acquiring an additional 312,033 shares during the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp raised its position in JPMorgan Ultra-Short Income ETF by 215.9% in the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after purchasing an additional 1,921,600 shares during the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.35 on Wednesday. The company has a 50 day simple moving average of $50.39 and a 200 day simple moving average of $50.46. The firm has a market cap of $42.53 billion, a PE ratio of 109.46 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year 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.