JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Novare Capital Management LLC

Novare Capital Management LLC decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 18.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 76,531 shares of the company’s stock after selling 16,992 shares during the period. Novare Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,873,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Webster Bank N. A. boosted its position in JPMorgan Ultra-Short Income ETF by 9.0% during the 1st quarter. Webster Bank N. A. now owns 117,025 shares of the company’s stock worth $5,923,000 after purchasing an additional 9,686 shares during the period. Greenbush Financial Group LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 13.1% in the first quarter. Greenbush Financial Group LLC now owns 104,678 shares of the company’s stock worth $5,298,000 after buying an additional 12,161 shares during the period. Stewardship Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 36.2% in the first quarter. Stewardship Advisors LLC now owns 229,684 shares of the company’s stock valued at $11,624,000 after buying an additional 61,075 shares in the last quarter. Cornerstone Management Inc. lifted its position in JPMorgan Ultra-Short Income ETF by 6.8% during the 1st quarter. Cornerstone Management Inc. now owns 2,054,190 shares of the company’s stock worth $103,963,000 after acquiring an additional 130,306 shares in the last quarter. Finally, Sterling Investment Counsel LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 15.5% in the 1st quarter. Sterling Investment Counsel LLC now owns 14,297 shares of the company’s stock worth $724,000 after acquiring an additional 1,920 shares during the period. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

JPST opened at $50.48 on Tuesday. The firm has a market capitalization of $37.52 billion, a P/E ratio of 109.74 and a beta of 0.01. The firm’s 50 day moving average is $50.51 and its 200-day moving average is $50.59. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.41 and a 52-week 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.