JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Rise Advisors LLC

by · The Cerbat Gem

Rise Advisors LLC reduced its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 29.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,020 shares of the company’s stock after selling 11,889 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 0.5% of Rise Advisors LLC’s investment portfolio, making the stock its 18th largest position. Rise Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,472,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Temasek Holdings Private Ltd acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $842,655,000. Bank of America Corp DE lifted its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after acquiring an additional 2,162,615 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock valued at $562,208,000 after acquiring an additional 94,082 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 4.0% during the second quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock valued at $450,480,000 after acquiring an additional 342,791 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in JPMorgan Ultra-Short Income ETF by 22.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after purchasing an additional 1,265,522 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.67 on Thursday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.78. The firm has a market cap of $34.22 billion, a price-to-earnings ratio of 110.15 and a beta of 0.01. The company’s 50-day moving average is $50.67 and its two-hundred day moving average is $50.63.

About JPMorgan Ultra-Short Income ETF

(Free Report)

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.

Featured Stories