American Money Management LLC Cuts Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

American Money Management LLC lessened its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 40.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,100 shares of the company’s stock after selling 6,910 shares during the quarter. American Money Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $509,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPST. Bank of Montreal Can boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 82.3% during the 3rd quarter. Bank of Montreal Can now owns 205,551 shares of the company’s stock valued at $10,430,000 after purchasing an additional 92,775 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in JPMorgan Ultra-Short Income ETF by 0.6% during the third quarter. Rockefeller Capital Management L.P. now owns 524,400 shares of the company’s stock valued at $26,608,000 after buying an additional 3,285 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings in JPMorgan Ultra-Short Income ETF by 14.8% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 61,491 shares of the company’s stock valued at $3,120,000 after buying an additional 7,944 shares in the last quarter. Captrust Financial Advisors increased its stake in JPMorgan Ultra-Short Income ETF by 5.4% in the 3rd quarter. Captrust Financial Advisors now owns 725,852 shares of the company’s stock worth $36,830,000 after acquiring an additional 37,392 shares during the last quarter. Finally, Ironwood Investment Counsel LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 39.9% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 88,781 shares of the company’s stock worth $4,505,000 after acquiring an additional 25,319 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Trading Up 0.1 %

NYSEARCA JPST opened at $50.62 on Friday. The stock has a 50 day moving average price of $50.53 and a 200-day moving average price of $50.52. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.75.

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.