Brown Miller Wealth Management LLC Reduces Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Brown Miller Wealth Management LLC lowered its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 28.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,837 shares of the company’s stock after selling 5,001 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $647,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JPST. Walker Asset Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 3.0% in the fourth quarter. Walker Asset Management LLC now owns 7,015 shares of the company’s stock valued at $352,000 after acquiring an additional 203 shares in the last quarter. Unique Wealth LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 2.1% in the 1st quarter. Unique Wealth LLC now owns 10,258 shares of the company’s stock valued at $517,000 after purchasing an additional 208 shares in the last quarter. Inscription Capital LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 4.0% during the 4th quarter. Inscription Capital LLC now owns 5,608 shares of the company’s stock worth $282,000 after purchasing an additional 214 shares during the last quarter. Kathleen S. Wright Associates Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.5% during the first quarter. Kathleen S. Wright Associates Inc. now owns 9,307 shares of the company’s stock worth $470,000 after buying an additional 226 shares in the last quarter. Finally, First Heartland Consultants Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF by 2.8% in the fourth quarter. First Heartland Consultants Inc. now owns 8,547 shares of the company’s stock valued at $429,000 after buying an additional 233 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST traded up $0.01 on Friday, hitting $50.47. 3,496,206 shares of the stock traded hands, compared to its average volume of 3,792,715. JPMorgan Ultra-Short Income ETF has a 1 year low of $49.93 and a 1 year high of $50.51. The stock’s 50 day moving average is $50.38 and its two-hundred day moving average is $50.35.

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.