JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Essex LLC

Essex LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 22.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 55,059 shares of the company’s stock after selling 15,572 shares during the period. Essex LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of 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. Charles Schwab Investment Management Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock worth $562,208,000 after purchasing an additional 94,082 shares during the period. HB Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 4.7% during the third quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock valued at $469,487,000 after purchasing an additional 413,847 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 22.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after purchasing an additional 1,265,522 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of 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 worth $265,114,000 after buying an additional 279,573 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.64 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.78. The company has a 50-day simple moving average of $50.66 and a 200-day simple moving average of $50.65. The firm has a market capitalization of $35.87 billion, a PE ratio of 110.09 and a beta of 0.01.

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.