Fragasso Financial Advisors Inc Cuts Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Fragasso Financial Advisors Inc decreased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,729 shares of the company’s stock after selling 2,150 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $994,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of JPST. Kennebec Savings Bank purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $27,000. Hershey Financial Advisers LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $30,000. Whittier Trust Co. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 29.5% in the 3rd quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock valued at $66,000 after purchasing an additional 295 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 238.4% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,692 shares of the company’s stock valued at $86,000 after buying an additional 1,192 shares during the period. Finally, Wagner Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 188.4% in the 3rd quarter. Wagner Wealth Management LLC now owns 1,693 shares of the company’s stock valued at $86,000 after buying an additional 1,106 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock remained flat at $50.42 on Monday. The company had a trading volume of 2,798,586 shares, compared to its average volume of 6,022,501. The firm has a 50-day moving average of $50.47 and a 200 day moving average of $50.51. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week 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.