Focus Financial Network Inc. Cuts Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Focus Financial Network Inc. trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 54.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 45,877 shares of the company’s stock after selling 54,205 shares during the quarter. Focus Financial Network Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,324,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in JPMorgan Ultra-Short Income ETF by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 73,544,853 shares of the company’s stock worth $3,731,666,000 after purchasing an additional 15,245,816 shares during the period. Charles Schwab Investment Management Inc. grew its position in JPMorgan Ultra-Short Income ETF by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,600,636 shares of the company’s stock worth $690,096,000 after purchasing an additional 91,729 shares during the period. LPL Financial LLC increased its position in JPMorgan Ultra-Short Income ETF by 7.6% during the third quarter. LPL Financial LLC now owns 11,172,018 shares of the company’s stock valued at $566,868,000 after acquiring an additional 789,054 shares during the last quarter. HB Wealth Management LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 11.2% during the 4th quarter. HB Wealth Management LLC now owns 8,316,836 shares of the company’s stock valued at $416,590,000 after purchasing an additional 838,189 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,858,342 shares of the company’s stock worth $297,252,000 after purchasing an additional 103,192 shares during the period.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.45 on Wednesday. The company’s fifty day moving average price is $50.48 and its 200-day moving average price is $50.52. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.75.

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.