Transcendent Capital Group LLC Reduces Holdings in JPMorgan Ultra-Short Income ETF $JPST

Transcendent Capital Group LLC decreased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,235 shares of the company’s stock after selling 7,520 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 1.7% of Transcendent Capital Group LLC’s investment portfolio, making the stock its 19th largest position. Transcendent Capital Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,255,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Chelsea Counsel Co. purchased a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $25,000. Pandora Wealth Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $34,000. Cooksen Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth approximately $36,000. TD Private Client Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $48,000. Finally, Sound Income Strategies LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 54.9% during the 2nd quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock worth $59,000 after acquiring an additional 412 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.64 on Friday. The stock’s fifty day moving average is $50.65 and its two-hundred day moving average is $50.57. The company has a market capitalization of $34.15 billion, a PE ratio of 110.09 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week 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.