NewEdge Advisors LLC Lowers Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

NewEdge Advisors LLC lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 61.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 474,198 shares of the company’s stock after selling 740,301 shares during the period. NewEdge Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $23,999,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in JPMorgan Ultra-Short Income ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after acquiring an additional 9,729,791 shares during the period. Axxcess Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 568.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after purchasing an additional 6,617,940 shares in the last quarter. Bank of America Corp DE raised its stake in JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the period. Adventist Health System Sunbelt Healthcare Corp raised its stake in JPMorgan Ultra-Short Income ETF by 215.9% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after purchasing an additional 1,921,600 shares during the period. Finally, LPL Financial LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after purchasing an additional 1,459,312 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.54 on Thursday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.39 and a 1-year high of $50.79. The business has a 50 day simple moving average of $50.49 and a two-hundred day simple moving average of $50.56. The company has a market capitalization of $40.35 billion, a price-to-earnings ratio of 109.87 and a beta of 0.01.

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.