IFG Advisory LLC Sells 2,701 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

IFG Advisory LLC reduced its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,754 shares of the company’s stock after selling 2,701 shares during the quarter. IFG Advisory LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,088,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. One Degree Advisors Inc grew its stake in shares of JPMorgan Ultra-Short Income ETF by 3.8% during the fourth quarter. One Degree Advisors Inc now owns 6,075 shares of the company’s stock valued at $306,000 after buying an additional 222 shares during the last quarter. Floyd Financial Group LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 0.3% during the first quarter. Floyd Financial Group LLC now owns 76,218 shares of the company’s stock valued at $3,859,000 after buying an additional 239 shares during the last quarter. Lighthouse Wealth Management Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 2.4% during the first quarter. Lighthouse Wealth Management Inc. now owns 11,833 shares of the company’s stock valued at $599,000 after buying an additional 273 shares during the last quarter. Apella Capital LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 1.5% during the first quarter. Apella Capital LLC now owns 19,521 shares of the company’s stock valued at $983,000 after acquiring an additional 285 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 32.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,161 shares of the company’s stock valued at $59,000 after acquiring an additional 286 shares during the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Down 0.2%

Shares of NYSEARCA:JPST opened at $50.55 on Friday. The company has a market cap of $32.21 billion, a price-to-earnings ratio of 109.89 and a beta of 0.03. The company has a 50-day moving average price of $50.56 and a 200-day moving average price of $50.52. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.75.

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.