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

Avestar Capital LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 17.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 137,752 shares of the company’s stock after selling 28,491 shares during the period. Avestar Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Global View Capital Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth $328,000. Partners Wealth Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at $305,000. Soltis Investment Advisors LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 1.0% in the third quarter. Soltis Investment Advisors LLC now owns 378,322 shares of the company’s stock valued at $19,056,000 after acquiring an additional 3,803 shares during the period. Founders Financial Securities LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.6% in the 3rd quarter. Founders Financial Securities LLC now owns 25,545 shares of the company’s stock worth $1,287,000 after acquiring an additional 2,021 shares during the last quarter. Finally, Blueprint Investment Partners LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.1% in the 3rd quarter. Blueprint Investment Partners LLC now owns 37,632 shares of the company’s stock worth $1,896,000 after acquiring an additional 3,749 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.43 on Friday. The business has a 50 day simple moving average of $50.37 and a two-hundred day simple moving average of $50.50. The firm has a market capitalization of $43.12 billion, a PE ratio of 109.63 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.79.

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.