Oarsman Capital Inc. Cuts Position in JPMorgan Ultra-Short Income ETF $JPST

Oarsman Capital Inc. lessened its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 42.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,569 shares of the company’s stock after selling 96,718 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 0.9% of Oarsman Capital Inc.’s portfolio, making the stock its 19th biggest holding. Oarsman Capital Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,757,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Lakeridge Wealth Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 4.5% during the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after buying an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 2.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after buying an additional 221 shares in the last quarter. Lantern Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 5.0% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock valued at $240,000 after buying an additional 226 shares in the last quarter. Condor Capital Management grew its holdings in JPMorgan Ultra-Short Income ETF by 1.6% during the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock valued at $741,000 after buying an additional 231 shares in the last quarter. Finally, Keel Point LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after buying an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.52 on Tuesday. The stock has a market capitalization of $37.55 billion, a PE ratio of 109.83 and a beta of 0.01. The business has a 50 day simple moving average of $50.51 and a two-hundred day simple moving average of $50.60. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79.

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.