Morton Capital Management LLC CA decreased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 21.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 451,584 shares of the company’s stock after selling 122,112 shares during the period. JPMorgan Ultra-Short Income ETF makes up 2.7% of Morton Capital Management LLC CA’s investment portfolio, making the stock its 7th biggest holding. Morton Capital Management LLC CA’s holdings in JPMorgan Ultra-Short Income ETF were worth $22,746,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Strengthening Families & Communities LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $28,000. Beacon Financial Strategies CORP bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $34,000. Allied Private Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $38,000. Rice Partnership LLC raised its position in JPMorgan Ultra-Short Income ETF by 327.5% in the 1st quarter. Rice Partnership LLC now owns 855 shares of the company’s stock valued at $43,000 after buying an additional 655 shares during the last quarter. Finally, Abound Wealth Management raised its position in JPMorgan Ultra-Short Income ETF by 1,963.3% in the 2nd quarter. Abound Wealth Management now owns 1,011 shares of the company’s stock valued at $51,000 after buying an additional 962 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.
JPMorgan Ultra-Short Income ETF Stock Performance
NYSEARCA JPST opened at $50.36 on Friday. The stock has a market capitalization of $42.86 billion, a price-to-earnings ratio of 109.48 and a beta of 0.01. The stock’s 50 day moving average price is $50.38 and its two-hundred day moving average price is $50.46. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.79.
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.
Further Reading
- Five stocks we like better than JPMorgan Ultra-Short Income ETF
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Want to see what other hedge funds are holding JPST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report).
Receive News & Ratings for JPMorgan Ultra-Short Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Ultra-Short Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
