Sovran Advisors LLC Lowers Position in JPMorgan Ultra-Short Income ETF $JPST

Sovran Advisors LLC cut its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,068 shares of the company’s stock after selling 26,716 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 0.8% of Sovran Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Sovran Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,543,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JPST. Bank of America Corp DE increased its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares in the last quarter. RiverFront Investment Group LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 941.7% in the second quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after purchasing an additional 1,138,031 shares during the period. Foster Dykema Cabot & Partners LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 42.2% during the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after purchasing an additional 1,132,264 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 27.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock valued at $244,438,000 after purchasing an additional 1,044,337 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 34.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,990,344 shares of the company’s stock worth $202,169,000 after purchasing an additional 1,027,118 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPMorgan Ultra-Short Income ETF stock opened at $50.72 on Monday. The company has a market capitalization of $36.18 billion, a P/E ratio of 110.26 and a beta of 0.01. The stock’s 50 day moving average is $50.67 and its 200 day moving average is $50.66. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.78.

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.