Global Retirement Partners LLC Sells 16,934 Shares of JPMorgan Ultra-Short Income ETF $JPST

Global Retirement Partners LLC trimmed its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.1% during the 4th quarter, Holdings Channel reports. The firm owned 102,855 shares of the company’s stock after selling 16,934 shares during the quarter. Global Retirement Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,203,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. AE Wealth Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 3.9% during the third quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock valued at $17,072,000 after acquiring an additional 12,743 shares during the last quarter. Mezzasalma Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 70.9% during the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock valued at $4,082,000 after acquiring an additional 33,446 shares during the last quarter. Webster Bank N. A. grew its position in JPMorgan Ultra-Short Income ETF by 27.0% during the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after acquiring an additional 22,815 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in JPMorgan Ultra-Short Income ETF by 10.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 167,729 shares of the company’s stock valued at $8,509,000 after acquiring an additional 15,496 shares during the last quarter. Finally, Cornerstone Wealth Group LLC bought a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $934,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.54 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.42 and a one year high of $50.79. The firm’s 50 day simple moving average is $50.53 and its two-hundred day simple moving average is $50.62. The stock has a market capitalization of $37.56 billion, a P/E ratio of 109.87 and a beta of 0.01.

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.