Sovran Advisors LLC Cuts Stake in JPMorgan Ultra-Short Income ETF $JPST

Sovran Advisors LLC reduced its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.4% in the third quarter, Holdings Channel reports. The firm owned 188,068 shares of the company’s stock after selling 26,716 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 0.8% of Sovran Advisors LLC’s holdings, making the stock its 25th biggest holding. Sovran Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,543,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Millennium Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after acquiring an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at $3,603,000. TD Private Client Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at $48,000. LVW Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $677,000. Finally, Tempus Wealth Planning LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $208,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.72 on Monday. The company’s 50-day simple moving average is $50.67 and its two-hundred day simple moving average is $50.66. The stock has a market capitalization of $36.18 billion, a P/E ratio of 110.26 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78.

About JPMorgan Ultra-Short Income ETF

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.