Valley Wealth Managers Inc. cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 60.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,733 shares of the company’s stock after selling 235,317 shares during the period. Valley Wealth Managers Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,929,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. Rossmore Private Capital purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $25,000. Jackson Hole Capital Partners LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $28,000. MGB Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $30,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $38,000. 2.17% of the stock is owned by institutional investors and hedge funds.
JPMorgan Ultra-Short Income ETF Price Performance
Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Tuesday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.42 and a 52-week high of $50.79. The company has a market capitalization of $37.53 billion, a P/E ratio of 109.78 and a beta of 0.01. The company has a 50 day moving average of $50.54 and a 200 day moving average of $50.63.
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.
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