Montecito Bank & Trust Has $672,000 Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Montecito Bank & Trust decreased its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 50.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,312 shares of the company’s stock after selling 13,406 shares during the period. Montecito Bank & Trust’s holdings in JPMorgan Ultra-Short Income ETF were worth $672,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in JPST. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $25,000. Mine & Arao Wealth Creation & Management LLC. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $30,000. First Pacific Financial lifted its position in shares of JPMorgan Ultra-Short Income ETF by 1,093.9% during the first quarter. First Pacific Financial now owns 585 shares of the company’s stock valued at $30,000 after purchasing an additional 536 shares in the last quarter. LRI Investments LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth about $30,000. Finally, Cooksen Wealth LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $36,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST traded up $0.03 on Friday, reaching $50.54. 893,789 shares of the company’s stock traded hands, compared to its average volume of 3,844,086. The stock’s 50 day simple moving average is $50.43 and its two-hundred day simple moving average is $50.38. JPMorgan Ultra-Short Income ETF has a 52-week low of $49.96 and a 52-week high of $50.64.

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.