Opes Wealth Management LLC Reduces Stock Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Opes Wealth Management LLC reduced its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,130 shares of the company’s stock after selling 2,790 shares during the period. Opes Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPST. Stonehearth Capital Management LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 0.8% during the fourth quarter. Stonehearth Capital Management LLC now owns 470,497 shares of the company’s stock worth $23,586,000 after buying an additional 3,866 shares during the period. The Manufacturers Life Insurance Company grew its stake in JPMorgan Ultra-Short Income ETF by 8.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 10,200 shares of the company’s stock valued at $511,000 after purchasing an additional 800 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 21.8% in the fourth quarter. Baird Financial Group Inc. now owns 56,881 shares of the company’s stock valued at $2,851,000 after purchasing an additional 10,181 shares during the period. Brown Advisory Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $2,806,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 119.6% during the fourth quarter. Advisors Asset Management Inc. now owns 2,585 shares of the company’s stock worth $130,000 after purchasing an additional 1,408 shares during the period.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST remained flat at $50.35 during trading hours on Thursday. The company had a trading volume of 3,884,182 shares, compared to its average volume of 3,821,092. JPMorgan Ultra-Short Income ETF has a 52-week low of $49.93 and a 52-week high of $50.51. The company’s 50-day moving average is $50.34 and its two-hundred day moving average is $50.27.

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.