Northwestern Mutual Wealth Management Co. Sells 993,732 Shares of JPMorgan Ultra-Short Income ETF $JPST

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,013,417 shares of the company’s stock after selling 993,732 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan Ultra-Short Income ETF were worth $203,039,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in JPST. JPMorgan Chase & Co. grew its position in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after buying an additional 7,786,258 shares during the last quarter. Bank of America Corp DE grew its position 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 buying an additional 2,162,615 shares during the last quarter. UBS Group AG grew its position in shares of JPMorgan Ultra-Short Income ETF by 5.9% in the 4th quarter. UBS Group AG now owns 9,469,398 shares of the company’s stock valued at $479,057,000 after buying an additional 531,080 shares during the last quarter. HB Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 1.5% in the 4th quarter. HB Wealth Management LLC now owns 9,443,109 shares of the company’s stock valued at $475,272,000 after buying an additional 140,546 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its position in shares of 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 buying an additional 6,617,940 shares during the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.58 on Friday. The business’s 50-day moving average price is $50.53 and its two-hundred day moving average price is $50.62. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.42 and a 12 month high of $50.79. The firm has a market capitalization of $37.59 billion, a PE ratio of 109.96 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.