Miracle Mile Advisors LLC Decreases Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Miracle Mile Advisors LLC cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 44.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 263,483 shares of the company’s stock after selling 212,709 shares during the quarter. Miracle Mile Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,293,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Gotham Asset Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 5.6% during the third quarter. Gotham Asset Management LLC now owns 126,558 shares of the company’s stock valued at $6,351,000 after acquiring an additional 6,687 shares in the last quarter. Financial Planning & Information Services Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the 3rd quarter. Financial Planning & Information Services Inc. now owns 498,772 shares of the company’s stock worth $25,028,000 after acquiring an additional 45,653 shares during the last quarter. Axxcess Wealth Management LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 126.7% during the 3rd quarter. Axxcess Wealth Management LLC now owns 610,574 shares of the company’s stock valued at $30,639,000 after purchasing an additional 341,282 shares during the last quarter. Ellerson Group Inc. ADV purchased a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $138,000. Finally, LaSalle St. Investment Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 30.3% in the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 18,612 shares of the company’s stock valued at $933,000 after purchasing an additional 4,326 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

JPST traded down $0.22 on Monday, hitting $50.25. 4,485,630 shares of the company were exchanged, compared to its average volume of 3,798,302. JPMorgan Ultra-Short Income ETF has a 12 month low of $49.93 and a 12 month high of $50.51. The firm has a fifty day simple moving average of $50.38 and a two-hundred day simple moving average of $50.35.

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.