JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Oarsman Capital Inc.

Oarsman Capital Inc. lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,712 shares of the company’s stock after selling 11,526 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 0.5% of Oarsman Capital Inc.’s investment portfolio, making the stock its 23rd biggest position. Oarsman Capital Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,369,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JPST. Millennium Management LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $3,603,000. EverSource Wealth Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 99.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after acquiring an additional 496 shares during the period. First Trust Advisors LP acquired a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $203,000. Finally, Brown Advisory Inc. grew its position in JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after acquiring an additional 431 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

JPST opened at $50.54 on Monday. The firm’s 50 day moving average is $50.49 and its 200-day moving average is $50.53. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.39 and a 52-week high of $50.79. The firm has a market capitalization of $40.41 billion, a P/E ratio of 109.87 and a beta of 0.01.

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.