Archford Capital Strategies LLC trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 12.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 121,395 shares of the company’s stock after selling 16,929 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 0.9% of Archford Capital Strategies LLC’s portfolio, making the stock its 28th largest holding. Archford Capital Strategies LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,146,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Howe & Rusling Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth approximately $26,000. Logan Capital Management Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth $27,000. Cyrus J. Lawrence LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth $31,000. Cullen Frost Bankers Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth $33,000. Finally, Washington Trust Advisors Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth $38,000.
JPMorgan Ultra-Short Income ETF Stock Performance
JPST opened at $50.61 on Wednesday. The stock’s fifty day moving average is $50.52 and its two-hundred day moving average is $50.50. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.25 and a 52 week high of $50.75.
JPMorgan Ultra-Short Income ETF 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.
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Want to see what other hedge funds are holding JPST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report).
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