Arcus Capital Partners LLC Has $2 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

Arcus Capital Partners LLC trimmed its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 82.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,530 shares of the company’s stock after selling 185,352 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 0.9% of Arcus Capital Partners LLC’s investment portfolio, making the stock its 20th biggest position. Arcus Capital Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,003,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Chelsea Counsel Co. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at about $25,000. Pandora Wealth Inc. bought a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter worth $34,000. Cooksen Wealth LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $36,000. Frazier Financial Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $41,000. Finally, TD Private Client Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $48,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST stock opened at $50.72 on Friday. The stock has a market cap of $34.20 billion, a P/E ratio of 110.26 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.76. The stock has a 50 day simple moving average of $50.67 and a 200 day simple moving average of $50.58.

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.