Silver Oak Securities Incorporated Trims Holdings in JPMorgan Ultra-Short Income ETF $JPST

Silver Oak Securities Incorporated decreased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 64.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,977 shares of the company’s stock after selling 21,881 shares during the period. Silver Oak Securities Incorporated’s holdings in JPMorgan Ultra-Short Income ETF were worth $606,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Millennium Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at $3,603,000. EverSource Wealth Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after buying an additional 496 shares in the last quarter. First Trust Advisors LP bought a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $203,000. Finally, Brown Advisory Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 7.6% in the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after buying an additional 431 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

NYSEARCA:JPST opened at $50.57 on Friday. The business’s 50-day simple moving average is $50.52 and its two-hundred day simple moving average is $50.59. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.41 and a 52 week high of $50.79. The stock has a market cap of $37.59 billion, a PE ratio of 109.93 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Company 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.