Mascoma Wealth Management LLC Has $19.51 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Mascoma Wealth Management LLC lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 385,564 shares of the company’s stock after selling 44,655 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 4.0% of Mascoma Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Mascoma Wealth Management LLC owned approximately 0.05% of JPMorgan Ultra-Short Income ETF worth $19,513,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nicholson Meyer Capital Management Inc. boosted its position in JPMorgan Ultra-Short Income ETF by 0.9% during the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after purchasing an additional 202 shares during the period. Lakeridge Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 4.5% in the fourth quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after purchasing an additional 206 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 2.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after purchasing an additional 221 shares during the period. Lantern Wealth Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 5.0% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock valued at $240,000 after buying an additional 226 shares in the last quarter. Finally, Whipplewood Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 1.2% in the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after buying an additional 227 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock remained flat at $50.45 during mid-day trading on Friday. 7,859,971 shares of the company were exchanged, compared to its average volume of 6,763,187. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.79. The firm has a market cap of $39.70 billion, a P/E ratio of 109.67 and a beta of 0.01. The stock has a 50-day moving average of $50.50 and a two-hundred day moving average of $50.58.

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.