Crewe Advisors LLC Reduces Holdings in JPMorgan Ultra-Short Income ETF $JPST

Crewe Advisors LLC decreased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 41.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,588 shares of the company’s stock after selling 57,947 shares during the period. Crewe Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stone Summit Wealth LLC increased its stake in JPMorgan Ultra-Short Income ETF by 32.9% during the 1st quarter. Stone Summit Wealth LLC now owns 43,236 shares of the company’s stock worth $2,189,000 after buying an additional 10,713 shares during the period. Tiemann Investment Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF by 9.3% during the 1st quarter. Tiemann Investment Advisors LLC now owns 135,537 shares of the company’s stock worth $6,862,000 after buying an additional 11,570 shares during the period. San Luis Wealth Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF by 36.1% during the 2nd quarter. San Luis Wealth Advisors LLC now owns 674,498 shares of the company’s stock worth $34,184,000 after buying an additional 179,002 shares during the period. Clear Point Advisors Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 3.1% during the 2nd quarter. Clear Point Advisors Inc. now owns 64,613 shares of the company’s stock worth $3,275,000 after buying an additional 1,920 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 624.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,319 shares of the company’s stock worth $421,000 after buying an additional 7,170 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.72 on Monday. The company has a market capitalization of $34.20 billion, a price-to-earnings ratio of 110.26 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.76. The firm’s fifty day moving average price is $50.67 and its 200 day moving average price is $50.58.

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.