Brown Miller Wealth Management LLC Has $487,000 Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Brown Miller Wealth Management LLC lowered its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,614 shares of the company’s stock after selling 990 shares during the period. Brown Miller Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $487,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 158.2% in the first quarter. NewSquare Capital LLC now owns 24,220 shares of the company’s stock worth $1,226,000 after buying an additional 14,838 shares during the last quarter. HUB Investment Partners LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 41.5% during the 4th quarter. HUB Investment Partners LLC now owns 40,210 shares of the company’s stock worth $2,025,000 after purchasing an additional 11,794 shares during the last quarter. Delta Financial Group Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 265.1% during the 4th quarter. Delta Financial Group Inc. now owns 88,683 shares of the company’s stock worth $4,467,000 after purchasing an additional 64,393 shares during the last quarter. Focus Partners Wealth lifted its position in shares of JPMorgan Ultra-Short Income ETF by 288.2% during the 4th quarter. Focus Partners Wealth now owns 539,112 shares of the company’s stock worth $27,391,000 after purchasing an additional 400,239 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 485,808 shares of the company’s stock worth $24,470,000 after purchasing an additional 29,299 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.52 on Monday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.25 and a twelve month high of $50.75. The stock has a 50-day simple moving average of $50.50 and a 200 day simple moving average of $50.50.

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.