Pinion Investment Advisors LLC Cuts Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Pinion Investment Advisors LLC decreased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,051 shares of the company’s stock after selling 1,154 shares during the quarter. Pinion Investment Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $808,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of JPST. JPMorgan Chase & Co. increased its stake in JPMorgan Ultra-Short Income ETF by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 73,544,853 shares of the company’s stock worth $3,731,666,000 after acquiring an additional 15,245,816 shares during the last quarter. Temasek Holdings Private Ltd bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at approximately $50,075,000. West Oak Capital LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 2,619.5% during the 4th quarter. West Oak Capital LLC now owns 918,881 shares of the company’s stock valued at $46,284,000 after purchasing an additional 885,093 shares during the last quarter. HB Wealth Management LLC raised its holdings in 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 buying an additional 838,189 shares during the period. Finally, LPL Financial LLC lifted its position in JPMorgan Ultra-Short Income ETF by 7.6% in the third quarter. LPL Financial LLC now owns 11,172,018 shares of the company’s stock worth $566,868,000 after buying an additional 789,054 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Trading Down 0.4 %

JPST stock opened at $50.48 on Tuesday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month high of $50.75. The firm’s fifty day simple moving average is $50.49 and its two-hundred day simple moving average is $50.53.

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.