Naviter Wealth LLC Sells 109,584 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Naviter Wealth LLC cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 35.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 195,328 shares of the company’s stock after selling 109,584 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 1.6% of Naviter Wealth LLC’s investment portfolio, making the stock its 9th largest holding. Naviter Wealth LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,854,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in JPMorgan Ultra-Short Income ETF by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,993,049 shares of the company’s stock valued at $902,891,000 after purchasing an additional 5,127,429 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 29.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,457,071 shares of the company’s stock worth $675,949,000 after acquiring an additional 3,081,352 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth $93,574,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 37.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock worth $243,837,000 after acquiring an additional 1,317,710 shares during the period. Finally, Sollinda Capital Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth $40,809,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST traded up $0.03 on Tuesday, hitting $50.28. The company’s stock had a trading volume of 5,371,540 shares, compared to its average volume of 3,811,849. The company has a 50-day simple moving average of $50.37 and a 200 day simple moving average of $50.35. JPMorgan Ultra-Short Income ETF has a 1 year low of $49.93 and a 1 year high of $50.51.

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.