InTrack Investment Management Inc Sells 520 Shares of JPMorgan Ultra-Short Income ETF $JPST

InTrack Investment Management Inc reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,534 shares of the company’s stock after selling 520 shares during the period. InTrack Investment Management Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $280,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Chelsea Counsel Co. bought a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $25,000. Pandora Wealth Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $34,000. Cooksen Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $36,000. TD Private Client Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $48,000. Finally, Sound Income Strategies LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 54.9% in the 2nd quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock worth $59,000 after purchasing an additional 412 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.63 on Thursday. The company has a 50 day moving average price of $50.65 and a 200-day moving average price of $50.57. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.76. The stock has a market capitalization of $34.14 billion, a PE ratio of 110.07 and a beta of 0.03.

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.