Cherry Creek Investment Advisors Inc. Trims Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Cherry Creek Investment Advisors Inc. lessened its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 31.2% during the 3rd quarter, Holdings Channel reports. The firm owned 5,455 shares of the company’s stock after selling 2,470 shares during the quarter. Cherry Creek Investment Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of JPST. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at about $25,000. LRI Investments LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $30,000. Hershey Financial Advisers LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $30,000. Triad Wealth Partners LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $32,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 282.3% during the first quarter. EverSource Wealth Advisors LLC now owns 734 shares of the company’s stock valued at $37,000 after buying an additional 542 shares during the period.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.57 on Thursday. The company’s 50 day simple moving average is $50.59 and its 200 day simple moving average is $50.46. JPMorgan Ultra-Short Income ETF has a 1 year low of $49.97 and a 1 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.