Continuum Advisory LLC Trims Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Continuum Advisory LLC reduced its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 33.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,474 shares of the company’s stock after selling 16,491 shares during the quarter. Continuum Advisory LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,643,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JPST. JPMorgan Chase & Co. grew its position in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after buying an additional 7,786,258 shares during the period. Axxcess Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 568.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after buying an additional 6,617,940 shares during the period. Temasek Holdings Private Ltd purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $300,296,000. Bank of America Corp DE grew its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after buying an additional 2,162,615 shares during the period. Finally, Lido Advisors LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 1,017.1% in the 4th quarter. Lido Advisors LLC now owns 1,410,553 shares of the company’s stock worth $71,377,000 after buying an additional 1,284,279 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.41 on Friday. The firm’s 50-day moving average price is $50.52 and its 200-day moving average price is $50.61. The company has a market capitalization of $37.47 billion, a PE ratio of 109.59 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79.

About JPMorgan Ultra-Short Income ETF

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.