JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Jacobi Capital Management LLC

Jacobi Capital Management LLC trimmed its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 24.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,313 shares of the company’s stock after selling 3,272 shares during the period. Jacobi Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $522,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JPST. Millennium Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 486.4% during the 4th quarter. Millennium Management LLC now owns 201,973 shares of the company’s stock worth $10,173,000 after purchasing an additional 167,529 shares during the last quarter. Royal Bank of Canada raised its position in shares of JPMorgan Ultra-Short Income ETF by 4.7% during the 4th quarter. Royal Bank of Canada now owns 3,641,449 shares of the company’s stock worth $183,420,000 after purchasing an additional 162,519 shares during the last quarter. Second Line Capital LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $228,000. Strategic Wealth Partners Ltd. raised its position in shares of JPMorgan Ultra-Short Income ETF by 35.7% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 36,555 shares of the company’s stock worth $1,845,000 after purchasing an additional 9,626 shares during the last quarter. Finally, Vivaldi Capital Management LP acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $243,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.68 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.75. The company has a market capitalization of $32.36 billion, a P/E ratio of 110.17 and a beta of 0.03. The business has a 50 day moving average price of $50.61 and a 200 day moving average price of $50.55.

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.