JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Rise Advisors LLC

Rise Advisors LLC lowered its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.1% in the third quarter, Holdings Channel.com reports. The firm owned 29,020 shares of the company’s stock after selling 11,889 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 0.5% of Rise Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Rise Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,472,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in JPST. Temasek Holdings Private Ltd acquired a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $842,655,000. Bank of America Corp DE increased its position in JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in JPMorgan Ultra-Short Income ETF by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock worth $562,208,000 after purchasing an additional 94,082 shares during the last quarter. HB Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 4.0% during the second quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock worth $450,480,000 after purchasing an additional 342,791 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 22.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after purchasing an additional 1,265,522 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.67 on Thursday. The stock has a market capitalization of $34.22 billion, a PE ratio of 110.15 and a beta of 0.01. The firm has a fifty day moving average of $50.67 and a 200-day moving average of $50.63. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78.

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.