Worth Asset Management LLC Cuts Position in JPMorgan Ultra-Short Income ETF $JPST

Worth Asset Management LLC lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 16.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,767 shares of the company’s stock after selling 18,357 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 1.8% of Worth Asset Management LLC’s holdings, making the stock its 8th largest position. Worth Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,796,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Jackson Hole Capital Partners LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $28,000. MGB Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at $30,000. Sittner & Nelson LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $30,000. Finally, Motiv8 Investments LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $32,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.48 on Tuesday. JPMorgan Ultra-Short Income ETF has a one year low of $50.41 and a one year high of $50.79. The company has a 50-day simple moving average of $50.51 and a 200-day simple moving average of $50.59. The firm has a market capitalization of $37.52 billion, a P/E ratio of 109.74 and a beta of 0.01.

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.