Baker Ellis Asset Management LLC Cuts Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Baker Ellis Asset Management LLC lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,512 shares of the company’s stock after selling 200 shares during the period. Baker Ellis Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $482,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JPST. Chelsea Counsel Co. purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $25,000. Pandora Wealth Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $34,000. Cooksen Wealth LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $36,000. Opal Wealth Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $68,000. Finally, Sunbelt Securities Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 58.9% during the first quarter. Sunbelt Securities Inc. now owns 1,433 shares of the company’s stock worth $73,000 after purchasing an additional 531 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

NYSEARCA:JPST opened at $50.68 on Monday. The company has a market cap of $32.36 billion, a P/E ratio of 110.17 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.75. The firm’s 50 day moving average is $50.61 and its two-hundred day moving average is $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.