Philip James Wealth Mangement LLC Sells 6,905 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Philip James Wealth Mangement LLC lessened its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 234,702 shares of the company’s stock after selling 6,905 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 1.5% of Philip James Wealth Mangement LLC’s investment portfolio, making the stock its 11th largest position. Philip James Wealth Mangement LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $11,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $25,000. Eastern Bank lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 95.1% in the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the period. Kennebec Savings Bank acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $27,000. Maryland Capital Advisors Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $31,000. Finally, Bogart Wealth LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 7,744.4% in the 4th quarter. Bogart Wealth LLC now owns 706 shares of the company’s stock valued at $36,000 after purchasing an additional 697 shares during the period.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.50 on Monday. The business’s 50-day moving average is $50.48 and its 200-day moving average is $50.52. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.75.

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.