Charles Schwab Investment Management Inc. trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 19.3% in the 4th quarter, HoldingsChannel reports. The fund owned 10,980,839 shares of the company’s stock after selling 2,619,797 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $553,105,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in JPST. New Wave Wealth Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $25,000. Eastern Bank lifted its stake in JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after purchasing an additional 250 shares in the last quarter. Kennebec Savings Bank acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth $27,000. Maryland Capital Advisors Inc. acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $31,000. Finally, Bogart Wealth LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 7,744.4% during the fourth quarter. Bogart Wealth LLC now owns 706 shares of the company’s stock worth $36,000 after purchasing an additional 697 shares in the last quarter.
JPMorgan Ultra-Short Income ETF Price Performance
NYSEARCA JPST opened at $50.48 on Wednesday. The stock has a 50-day moving average of $50.49 and a two-hundred day moving average of $50.53. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.20 and a 1-year 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.
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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).
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