Essex Financial Services Inc. Trims Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Essex Financial Services Inc. decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,352 shares of the company’s stock after selling 24,344 shares during the quarter. Essex Financial Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JPST. Scott Capital Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 2.8% in the first quarter. Scott Capital Advisors LLC now owns 225,146 shares of the company’s stock valued at $11,327,000 after purchasing an additional 6,154 shares during the period. Whittier Trust Co. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 29.5% during the 3rd quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock valued at $66,000 after buying an additional 295 shares during the period. Concourse Financial Group Securities Inc. increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 16.0% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 8,524 shares of the company’s stock worth $430,000 after buying an additional 1,178 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF by 33.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 81,809 shares of the company’s stock worth $4,127,000 after buying an additional 20,492 shares during the period. Finally, Brookstone Capital Management raised its position in shares of JPMorgan Ultra-Short Income ETF by 14.7% in the 2nd quarter. Brookstone Capital Management now owns 26,243 shares of the company’s stock worth $1,324,000 after buying an additional 3,354 shares during the period.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.58 on Friday. The stock has a 50-day moving average price of $50.59 and a two-hundred day moving average price of $50.47. JPMorgan Ultra-Short Income ETF has a 12-month low of $49.97 and a 12-month 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.