Arete Wealth Advisors LLC Sells 3,384 Shares of JPMorgan Ultra-Short Income ETF $JPST

Arete Wealth Advisors LLC reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 40.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,938 shares of the company’s stock after selling 3,384 shares during the period. Arete Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pandora Wealth Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $34,000. Cooksen Wealth LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $36,000. Opal Wealth Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $68,000. Sunbelt Securities Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF by 58.9% during the first quarter. Sunbelt Securities Inc. now owns 1,433 shares of the company’s stock worth $73,000 after purchasing an additional 531 shares during the period. Finally, Cape Investment Advisory Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF by 219.3% during the first quarter. Cape Investment Advisory Inc. now owns 1,520 shares of the company’s stock worth $77,000 after purchasing an additional 1,044 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.66 on Friday. The company has a market cap of $32.35 billion, a P/E ratio of 110.13 and a beta of 0.03. The company has a fifty day simple moving average of $50.61 and a 200 day simple moving average of $50.55. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month 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.