Valley National Advisers Inc. Sells 1,318 Shares of JPMorgan Ultra-Short Income ETF $JPST

Valley National Advisers Inc. cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,822 shares of the company’s stock after selling 1,318 shares during the quarter. Valley National Advisers Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of JPST. Sage Financial Group Inc. grew its stake in JPMorgan Ultra-Short Income ETF by 3.2% in the second quarter. Sage Financial Group Inc. now owns 44,708 shares of the company’s stock valued at $2,266,000 after purchasing an additional 1,386 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 10.5% in the second quarter. DAVENPORT & Co LLC now owns 75,979 shares of the company’s stock valued at $3,851,000 after acquiring an additional 7,213 shares during the last quarter. Woodmont Investment Counsel LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 175.5% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 24,001 shares of the company’s stock worth $1,216,000 after purchasing an additional 15,290 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 73.0% in the 2nd quarter. Merit Financial Group LLC now owns 217,749 shares of the company’s stock valued at $11,036,000 after purchasing an additional 91,896 shares during the period. Finally, IVC Wealth Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $232,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of NYSEARCA JPST opened at $50.61 on Monday. The business’s 50 day moving average price is $50.65 and its two-hundred day moving average price is $50.57. The company has a market cap of $34.00 billion, a PE ratio of 110.02 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.76.

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.