Northwestern Mutual Wealth Management Co. decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 90.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 496,279 shares of the company’s stock after selling 4,510,870 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan Ultra-Short Income ETF were worth $25,107,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Blue Water Asset Management bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $7,183,000. USAdvisors Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 14.5% in the 4th quarter. USAdvisors Wealth Management LLC now owns 60,364 shares of the company’s stock valued at $3,053,000 after purchasing an additional 7,647 shares during the last quarter. Bedminster LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $278,000. SkyOak Wealth LLC grew its position in JPMorgan Ultra-Short Income ETF by 7.1% during the 4th quarter. SkyOak Wealth LLC now owns 544,898 shares of the company’s stock worth $27,566,000 after acquiring an additional 36,330 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in JPMorgan Ultra-Short Income ETF by 286.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,266,826 shares of the company’s stock worth $64,162,000 after acquiring an additional 938,617 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.
JPMorgan Ultra-Short Income ETF Stock Down 0.0%
Shares of JPST stock opened at $50.49 on Wednesday. The firm has a market capitalization of $37.53 billion, a P/E ratio of 109.76 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.42 and a twelve month high of $50.79. The stock’s fifty day simple moving average is $50.53 and its 200 day simple moving average is $50.62.
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.
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