Schwallier Wealth Management LLC cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 60.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,527 shares of the company’s stock after selling 61,783 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 1.3% of Schwallier Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Schwallier Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,058,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of JPST. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after acquiring an additional 7,786,258 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 568.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock valued at $393,694,000 after acquiring an additional 6,617,940 shares in the last quarter. Temasek Holdings Private Ltd bought a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $300,296,000. Bank of America Corp DE lifted its stake in JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the last quarter. Finally, Lido Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 1,017.1% during the fourth quarter. Lido Advisors LLC now owns 1,410,553 shares of the company’s stock valued at $71,377,000 after purchasing an additional 1,284,279 shares during the period. 2.17% of the stock is owned by institutional investors.
JPMorgan Ultra-Short Income ETF Price Performance
NYSEARCA:JPST opened at $50.41 on Friday. The company has a market capitalization of $37.47 billion, a P/E ratio of 109.59 and a beta of 0.01. The business has a fifty day simple moving average of $50.52 and a two-hundred day simple moving average of $50.61. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.41 and a 1 year high of $50.79.
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.
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