Freedom Investment Management Inc. Decreases Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Freedom Investment Management Inc. decreased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 97,822 shares of the company’s stock after selling 40,848 shares during the quarter. Freedom Investment Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Adams Wealth Management purchased a new position in JPMorgan Ultra-Short Income ETF in the first quarter worth approximately $357,000. LRI Investments LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $30,000. Atria Investments Inc boosted its holdings in JPMorgan Ultra-Short Income ETF by 19.0% in the first quarter. Atria Investments Inc now owns 63,483 shares of the company’s stock valued at $3,203,000 after purchasing an additional 10,137 shares during the period. Invst LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 7.0% during the first quarter. Invst LLC now owns 282,043 shares of the company’s stock worth $14,167,000 after buying an additional 18,436 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of JPMorgan Ultra-Short Income ETF by 927.2% in the 1st quarter. Cetera Investment Advisers now owns 1,790,596 shares of the company’s stock valued at $90,336,000 after purchasing an additional 1,616,273 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.53 on Wednesday. The stock’s fifty day moving average is $50.54 and its two-hundred day moving average is $50.49. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.13 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.