Sage Rhino Capital LLC Has $4.09 Million Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Sage Rhino Capital LLC cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 81,063 shares of the company’s stock after selling 10,756 shares during the quarter. Sage Rhino Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,091,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $207,000. Triumph Capital Management grew its stake in shares of JPMorgan Ultra-Short Income ETF by 5.6% during the 4th quarter. Triumph Capital Management now owns 270,119 shares of the company’s stock worth $13,632,000 after acquiring an additional 14,224 shares during the period. Mine & Arao Wealth Creation & Management LLC. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $30,000. Essex Financial Services Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 12.7% during the 4th quarter. Essex Financial Services Inc. now owns 185,024 shares of the company’s stock valued at $9,294,000 after acquiring an additional 20,799 shares during the period. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 9.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,671 shares of the company’s stock worth $286,000 after purchasing an additional 500 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST traded up $0.01 during mid-day trading on Friday, hitting $50.67. 3,601,403 shares of the stock traded hands, compared to its average volume of 3,856,735. The business’s 50-day moving average price is $50.48 and its 200 day moving average price is $50.40. JPMorgan Ultra-Short Income ETF has a 12-month low of $49.96 and a 12-month high of $50.68.

About JPMorgan Ultra-Short Income ETF

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.