Petix & Botte Co Sells 5,724 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Petix & Botte Co cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,247 shares of the company’s stock after selling 5,724 shares during the period. Petix & Botte Co’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,423,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Eastern Bank lifted its stake in JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after purchasing an additional 250 shares during the last quarter. Kennebec Savings Bank bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $27,000. Hershey Financial Advisers LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at about $30,000. Sound Income Strategies LLC grew its position in JPMorgan Ultra-Short Income ETF by 82.2% in the fourth quarter. Sound Income Strategies LLC now owns 749 shares of the company’s stock valued at $38,000 after acquiring an additional 338 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $50,000.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.53 on Monday. The firm has a 50-day moving average price of $50.48 and a 200-day moving average price of $50.52. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.75.

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.