JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Position Cut by McCarthy Asset Management Inc.

McCarthy Asset Management Inc. trimmed its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 75.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,503 shares of the company’s stock after selling 284,649 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 3.4% of McCarthy Asset Management Inc.’s portfolio, making the stock its 8th biggest position. McCarthy Asset Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. JDM Financial Group LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 12,297.0% during the 4th quarter. JDM Financial Group LLC now owns 20,331 shares of the company’s stock valued at $1,024,000 after buying an additional 20,167 shares during the period. Novem Group purchased a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $3,705,000. First Heartland Consultants Inc. boosted its stake in JPMorgan Ultra-Short Income ETF by 25.2% during the fourth quarter. First Heartland Consultants Inc. now owns 18,240 shares of the company’s stock worth $919,000 after buying an additional 3,668 shares during the period. NCM Capital Management LLC bought a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $229,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $515,000.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.54 on Wednesday. The firm has a 50-day moving average price of $50.50 and a 200-day moving average price of $50.49. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.25 and a 12-month high of $50.75.

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.