Jacobi Capital Management LLC Sells 11,147 Shares of JPMorgan Ultra-Short Income ETF $JPST

Jacobi Capital Management LLC reduced its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 465,633 shares of the company’s stock after selling 11,147 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 1.1% of Jacobi Capital Management LLC’s portfolio, making the stock its 14th largest position. Jacobi Capital Management LLC owned approximately 0.06% of JPMorgan Ultra-Short Income ETF worth $23,454,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. HB Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 5.4% during the second quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock worth $506,509,000 after purchasing an additional 514,497 shares in the last quarter. Royal Bank of Canada increased its holdings in JPMorgan Ultra-Short Income ETF by 11.1% in the first quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock valued at $271,917,000 after buying an additional 534,875 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in JPMorgan Ultra-Short Income ETF by 7.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock valued at $184,468,000 after buying an additional 245,314 shares in the last quarter. Cetera Investment Advisers raised its stake in JPMorgan Ultra-Short Income ETF by 10.2% in the first quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock valued at $170,925,000 after buying an additional 312,033 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp raised its stake in JPMorgan Ultra-Short Income ETF by 215.9% in the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after buying an additional 1,921,600 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.28 on Thursday. The company has a market capitalization of $42.50 billion, a price-to-earnings ratio of 109.30 and a beta of 0.02. The business has a 50-day moving average of $50.33 and a two-hundred day moving average of $50.49. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.79.

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.