JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Stake Lowered by Elmwood Wealth Management Inc.

Elmwood Wealth Management Inc. cut its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.7% during the fourth quarter, HoldingsChannel reports. The firm owned 117,408 shares of the company’s stock after selling 3,234 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 2.4% of Elmwood Wealth Management Inc.’s holdings, making the stock its 8th largest position. Elmwood Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPST. Whittier Trust Co. increased its holdings in JPMorgan Ultra-Short Income ETF by 29.5% during the 3rd quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock worth $66,000 after purchasing an additional 295 shares during the period. Jaffetilchin Investment Partners LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 9.5% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 100,508 shares of the company’s stock worth $5,100,000 after purchasing an additional 8,704 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in JPMorgan Ultra-Short Income ETF by 100.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 10,809 shares of the company’s stock worth $548,000 after purchasing an additional 5,428 shares during the period. Zega Financial LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 30.4% during the 3rd quarter. Zega Financial LLC now owns 30,205 shares of the company’s stock worth $1,533,000 after purchasing an additional 7,047 shares during the period. Finally, Private Client Services LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $280,000.

JPMorgan Ultra-Short Income ETF Price Performance

JPST remained flat at $50.42 during trading on Monday. The company’s stock had a trading volume of 3,646,987 shares, compared to its average volume of 6,124,039. The stock has a 50-day moving average price of $50.47 and a 200 day moving average price of $50.51. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.75.

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.