117,236 JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Chapin Davis Inc.

Chapin Davis Inc. cut its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 91.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,095 shares of the company’s stock after selling 117,236 shares during the quarter. Chapin Davis Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $559,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of JPST. Strengthening Families & Communities LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at $28,000. Motiv8 Investments LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $32,000. Beacon Financial Strategies CORP bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth about $34,000. Allied Private Wealth LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $38,000. Finally, Rice Partnership LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 327.5% in the 1st quarter. Rice Partnership LLC now owns 855 shares of the company’s stock valued at $43,000 after acquiring an additional 655 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.27 on Friday. The company has a 50-day moving average of $50.41 and a 200-day moving average of $50.47. The firm has a market cap of $42.38 billion, a price-to-earnings ratio of 109.28 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month 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.