Westside Investment Management Inc. Reduces Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Westside Investment Management Inc. trimmed its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 16.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,618 shares of the company’s stock after selling 14,832 shares during the quarter. Westside Investment Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Chelsea Counsel Co. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $25,000. Pandora Wealth Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $34,000. Cooksen Wealth LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $36,000. Quaker Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 173.1% in the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.77 on Monday. The firm has a market capitalization of $34.29 billion, a PE ratio of 110.37 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78. The business has a 50 day simple moving average of $50.69 and a 200-day simple moving average of $50.60.

JPMorgan Ultra-Short Income ETF 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.