Sargent Investment Group LLC Sells 15,506 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Sargent Investment Group LLC trimmed its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,127 shares of the company’s stock after selling 15,506 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 1.1% of Sargent Investment Group LLC’s portfolio, making the stock its 23rd largest position. Sargent Investment Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,929,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BluePath Capital Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $26,000. Mendota Financial Group LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $34,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 65.5% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 998 shares of the company’s stock worth $50,000 after buying an additional 395 shares during the period. Winch Advisory Services LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $52,000. Finally, McClarren Financial Advisors Inc. bought a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $69,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock traded up $0.01 on Friday, reaching $50.41. 3,330,310 shares of the stock were exchanged, compared to its average volume of 3,825,731. The firm’s 50 day moving average is $50.35 and its 200-day moving average is $50.29. JPMorgan Ultra-Short Income ETF has a one year low of $49.93 and a one year high of $50.51.

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.