SP Asset Management LLC Sells 1,108 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

SP Asset Management LLC lessened its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 82,873 shares of the company’s stock after selling 1,108 shares during the quarter. SP Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in JPMorgan Ultra-Short Income ETF by 30.0% during the 1st quarter. JPMorgan Chase & Co. now owns 45,690,839 shares of the company’s stock valued at $2,305,103,000 after buying an additional 10,546,138 shares in the last quarter. HB Wealth Management LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 5.8% in the first quarter. HB Wealth Management LLC now owns 8,076,454 shares of the company’s stock worth $405,234,000 after buying an additional 443,033 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in JPMorgan Ultra-Short Income ETF by 37.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock worth $243,837,000 after buying an additional 1,317,710 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 6.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,201,925 shares of the company’s stock worth $111,131,000 after acquiring an additional 142,741 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth approximately $93,574,000.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.59 on Wednesday. JPMorgan Ultra-Short Income ETF has a 1 year low of $49.96 and a 1 year high of $50.68. The stock’s fifty day moving average price is $50.50 and its 200-day moving average price is $50.41.

JPMorgan Ultra-Short Income ETF Company 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.