Modern Wealth Management LLC Sells 20,661 Shares of JPMorgan Ultra-Short Income ETF $JPST

Modern Wealth Management LLC reduced its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 27.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,418 shares of the company’s stock after selling 20,661 shares during the quarter. Modern Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,694,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Webster Bank N. A. raised its position in shares of JPMorgan Ultra-Short Income ETF by 27.0% during the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after purchasing an additional 22,815 shares during the period. Mezzasalma Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 70.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock valued at $4,082,000 after purchasing an additional 33,446 shares during the period. Buck Wealth Strategies LLC increased its stake in JPMorgan Ultra-Short Income ETF by 7.3% during the 4th quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after purchasing an additional 19,402 shares in the last quarter. Optima Capital LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $3,485,000. Finally, Greenberg Financial Group acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $1,544,000. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.48 on Friday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.39 and a 1-year high of $50.79. The firm has a market capitalization of $40.00 billion, a price-to-earnings ratio of 109.74 and a beta of 0.01. The firm’s fifty day moving average price is $50.49 and its two-hundred day moving average price is $50.56.

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.