Northwestern Mutual Wealth Management Co. Sells 993,732 Shares of JPMorgan Ultra-Short Income ETF $JPST

Northwestern Mutual Wealth Management Co. decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,013,417 shares of the company’s stock after selling 993,732 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.56% of JPMorgan Ultra-Short Income ETF worth $203,039,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Moors & Cabot Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 27.2% during the 4th quarter. Moors & Cabot Inc. now owns 9,169 shares of the company’s stock valued at $464,000 after purchasing an additional 1,960 shares during the last quarter. Houlihan Financial Resource Group Ltd. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 155.9% during the 4th quarter. Houlihan Financial Resource Group Ltd. now owns 215,655 shares of the company’s stock valued at $10,927,000 after purchasing an additional 131,391 shares during the last quarter. IFG Advisory LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.5% during the 4th quarter. IFG Advisory LLC now owns 159,806 shares of the company’s stock valued at $8,085,000 after purchasing an additional 3,957 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 51.2% during the 4th quarter. Thoroughbred Financial Services LLC now owns 20,727 shares of the company’s stock valued at $1,048,000 after purchasing an additional 7,021 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $178,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.58 on Friday. The firm has a market capitalization of $37.59 billion, a P/E ratio of 109.96 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.42 and a twelve month high of $50.79. The stock’s fifty day simple moving average is $50.53 and its 200 day simple moving average is $50.62.

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.