IFG Advisory LLC Sells 6,847 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

IFG Advisory LLC cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,070 shares of the company’s stock after selling 6,847 shares during the period. IFG Advisory LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JPST. Ameritas Investment Partners Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at about $25,000. BluePath Capital Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at approximately $26,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $32,000. Sunbelt Securities Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at approximately $38,000. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $50,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.46 on Thursday. The firm’s 50 day moving average is $50.36 and its 200 day moving average is $50.25. JPMorgan Ultra-Short Income ETF has a 12 month low of $49.93 and a 12 month high of $50.51.

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.