Wealth Advisors of Iowa LLC reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 24.7% in the 4th quarter, Holdings Channel reports. The firm owned 99,858 shares of the company’s stock after selling 32,697 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 1.7% of Wealth Advisors of Iowa LLC’s portfolio, making the stock its 13th biggest position. Wealth Advisors of Iowa LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,052,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 2.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 75,558 shares of the company’s stock valued at $3,822,000 after purchasing an additional 2,063 shares in the last quarter. Flavin Financial Services Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 4.9% during the fourth quarter. Flavin Financial Services Inc. now owns 178,128 shares of the company’s stock valued at $9,011,000 after acquiring an additional 8,283 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 47.7% during the fourth quarter. Pinnacle Associates Ltd. now owns 34,635 shares of the company’s stock valued at $1,752,000 after acquiring an additional 11,180 shares in the last quarter. Western Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 10.2% during the fourth quarter. Western Wealth Management LLC now owns 68,482 shares of the company’s stock valued at $3,464,000 after acquiring an additional 6,345 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the fourth quarter. TFO Wealth Partners LLC now owns 52,512 shares of the company’s stock valued at $2,657,000 after acquiring an additional 4,803 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.
JPMorgan Ultra-Short Income ETF Price Performance
Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.51 on Friday. The business has a 50-day moving average of $50.53 and a 200-day moving average of $50.63. The company has a market capitalization of $37.54 billion, a PE ratio of 109.80 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.42 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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