Frisch Financial Group Inc. Lowers Position in JPMorgan Ultra-Short Income ETF $JPST

Frisch Financial Group Inc. reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 37.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 206,827 shares of the company’s stock after selling 124,852 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 2.2% of Frisch Financial Group Inc.’s holdings, making the stock its 16th largest holding. Frisch Financial Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,468,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JPST. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $25,000. Jackson Hole Capital Partners LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $28,000. Sittner & Nelson LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $30,000. Motiv8 Investments LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.48 on Friday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.39 and a 12-month high of $50.79. The company has a market capitalization of $39.90 billion, a price-to-earnings ratio of 109.74 and a beta of 0.01. The firm’s fifty day moving average price is $50.49 and its 200 day moving average price is $50.57.

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.