JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Shares Sold by Narus Financial Partners LLC

Narus Financial Partners LLC reduced its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 74,223 shares of the company’s stock after selling 5,165 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 1.6% of Narus Financial Partners LLC’s investment portfolio, making the stock its 6th biggest holding. Narus Financial Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,745,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Mine & Arao Wealth Creation & Management LLC. acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $30,000. Mendota Financial Group LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $34,000. Cooksen Wealth LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $36,000. Tucker Asset Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 75.7% in the fourth quarter. Tucker Asset Management LLC now owns 736 shares of the company’s stock valued at $37,000 after buying an additional 317 shares in the last quarter. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $45,000.

JPMorgan Ultra-Short Income ETF Stock Up 0.1 %

JPST traded up $0.03 on Tuesday, reaching $50.28. The stock had a trading volume of 3,179,982 shares, compared to its average volume of 3,794,097. JPMorgan Ultra-Short Income ETF has a 12-month low of $49.93 and a 12-month high of $50.51. The business’s 50-day moving average price is $50.37 and its two-hundred day moving average price is $50.35.

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.