JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC lowered its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 39.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,477 shares of the company’s stock after selling 140,628 shares during the quarter. Sowell Financial Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. HB Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.4% during the second quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock valued at $506,509,000 after purchasing an additional 514,497 shares in the last quarter. Royal Bank of Canada increased its holdings in JPMorgan Ultra-Short Income ETF by 11.1% in the 1st quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock worth $271,917,000 after buying an additional 534,875 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in JPMorgan Ultra-Short Income ETF by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock worth $184,468,000 after buying an additional 245,314 shares in the last quarter. Cetera Investment Advisers increased its holdings in JPMorgan Ultra-Short Income ETF by 10.2% in the 1st quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock worth $170,925,000 after buying an additional 312,033 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp increased its holdings in JPMorgan Ultra-Short Income ETF by 215.9% in the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after buying an additional 1,921,600 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.35 on Wednesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.79. The business has a 50-day simple moving average of $50.39 and a two-hundred day simple moving average of $50.46. The firm has a market cap of $42.53 billion, a price-to-earnings ratio of 109.46 and a beta of 0.01.

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.