Portside Wealth Group LLC Has $640,000 Holdings in JPMorgan Ultra-Short Income ETF $JPST

Portside Wealth Group LLC trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 96.9% in the second quarter, Holdings Channel reports. The fund owned 12,622 shares of the company’s stock after selling 394,711 shares during the period. Portside Wealth Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $640,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of JPST. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.7% during the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock valued at $5,068,793,000 after purchasing an additional 2,598,084 shares in the last quarter. Temasek Holdings Private Ltd acquired a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $842,655,000. LPL Financial LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 19.4% in the first quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after buying an additional 2,464,430 shares in the last quarter. HB Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 4.0% in the second quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock valued at $450,480,000 after buying an additional 342,791 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 22.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after buying an additional 1,265,522 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of JPST stock opened at $50.67 on Wednesday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.78. The firm has a fifty day moving average of $50.68 and a 200-day moving average of $50.61. The company has a market capitalization of $34.22 billion, a price-to-earnings ratio of 110.15 and a beta of 0.01.

About JPMorgan Ultra-Short Income ETF

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.