WNY Asset Management LLC Reduces Holdings in JPMorgan Ultra-Short Income ETF $JPST

WNY Asset Management LLC cut its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 154,877 shares of the company’s stock after selling 2,479 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 0.9% of WNY Asset Management LLC’s portfolio, making the stock its 21st biggest position. WNY Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,849,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JPST. Strategent Financial LLC raised its position in JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Strategent Financial LLC now owns 349,122 shares of the company’s stock valued at $17,694,000 after purchasing an additional 4,657 shares during the last quarter. Tiemann Investment Advisors LLC raised its position 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 valued at $6,862,000 after purchasing an additional 11,570 shares during the last quarter. San Luis Wealth Advisors LLC raised its position 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 valued at $34,184,000 after purchasing an additional 179,002 shares during the last quarter. Clear Point Advisors Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF by 3.1% in the 2nd quarter. Clear Point Advisors Inc. now owns 64,613 shares of the company’s stock worth $3,275,000 after acquiring an additional 1,920 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF by 624.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,319 shares of the company’s stock worth $421,000 after acquiring an additional 7,170 shares in the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.77 on Wednesday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.77. The firm has a market capitalization of $34.29 billion, a P/E ratio of 110.37 and a beta of 0.01. The stock has a 50 day moving average price of $50.68 and a 200-day moving average price of $50.59.

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.