JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Shares Sold by Independent Wealth Network Inc.

Independent Wealth Network Inc. cut its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 24.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,109 shares of the company’s stock after selling 63,350 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 5.9% of Independent Wealth Network Inc.’s investment portfolio, making the stock its biggest holding. Independent Wealth Network Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,783,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Adamsbrown Wealth Consultants LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $226,000. Birch Capital Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 32.8% during the 2nd quarter. Birch Capital Management LLC now owns 15,555 shares of the company’s stock worth $780,000 after buying an additional 3,838 shares in the last quarter. Royal Fund Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $10,035,000. FSM Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 5.1% during the 2nd quarter. FSM Wealth Advisors LLC now owns 128,208 shares of the company’s stock worth $6,413,000 after buying an additional 6,221 shares in the last quarter. Finally, Pasadena Private Wealth LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 1.9% during the 2nd quarter. Pasadena Private Wealth LLC now owns 76,312 shares of the company’s stock worth $3,826,000 after buying an additional 1,406 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock traded up $0.02 during mid-day trading on Tuesday, hitting $50.13. 739,273 shares of the stock were exchanged, compared to its average volume of 4,687,653. JPMorgan Ultra-Short Income ETF has a 12 month low of $49.93 and a 12 month high of $50.40. The company has a 50-day simple moving average of $50.10 and a 200 day simple moving average of $50.16.

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.