Fortitude Family Office LLC Sells 2,393 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Fortitude Family Office LLC decreased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,404 shares of the company’s stock after selling 2,393 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 1.1% of Fortitude Family Office LLC’s investment portfolio, making the stock its 20th biggest position. Fortitude Family Office LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Howe & Rusling Inc. bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $26,000. Logan Capital Management Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $27,000. Maryland Capital Advisors Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $31,000. Cyrus J. Lawrence LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $31,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $33,000.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.49 on Thursday. The business has a 50 day moving average of $50.49 and a 200 day moving average of $50.50. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.25 and a 1-year 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.