Founders Financial Alliance LLC Reduces Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Founders Financial Alliance LLC lessened its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 16.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,406 shares of the company’s stock after selling 13,701 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 1.0% of Founders Financial Alliance LLC’s portfolio, making the stock its 19th biggest holding. Founders Financial Alliance LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,546,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Atria Investments Inc boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 14.0% during the 3rd quarter. Atria Investments Inc now owns 202,241 shares of the company’s stock worth $10,262,000 after acquiring an additional 24,883 shares during the last quarter. Kennebec Savings Bank bought a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $27,000. Proffitt & Goodson Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 16.4% in the 3rd quarter. Proffitt & Goodson Inc. now owns 5,458 shares of the company’s stock worth $277,000 after purchasing an additional 767 shares during the period. Patten & Patten Inc. TN lifted its position in JPMorgan Ultra-Short Income ETF by 63.9% during the third quarter. Patten & Patten Inc. TN now owns 14,751 shares of the company’s stock valued at $748,000 after purchasing an additional 5,750 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 9.5% during the third quarter. Jaffetilchin Investment Partners LLC now owns 100,508 shares of the company’s stock valued at $5,100,000 after purchasing an additional 8,704 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.55 on Tuesday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.75. The business has a 50-day simple moving average of $50.49 and a two-hundred day simple moving average of $50.52.

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.