JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Stake Lessened by Sheets Smith Wealth Management

Sheets Smith Wealth Management lessened its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,649 shares of the company’s stock after selling 235 shares during the period. Sheets Smith Wealth Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NavPoint Financial Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $11,093,000. Avidian Wealth Solutions LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 11.1% during the 4th quarter. Avidian Wealth Solutions LLC now owns 38,923 shares of the company’s stock valued at $1,955,000 after purchasing an additional 3,889 shares in the last quarter. Noesis Capital Mangement Corp boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.7% in the fourth quarter. Noesis Capital Mangement Corp now owns 124,564 shares of the company’s stock worth $6,257,000 after buying an additional 13,055 shares during the period. First National Trust Co boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 32.0% in the fourth quarter. First National Trust Co now owns 237,385 shares of the company’s stock worth $11,924,000 after buying an additional 57,566 shares during the period. Finally, Sapient Capital LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $700,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST traded up $0.03 during midday trading on Friday, hitting $50.28. The stock had a trading volume of 3,578,758 shares, compared to its average volume of 3,902,906. The business has a 50-day simple moving average of $50.34 and a two-hundred day simple moving average of $50.30. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $49.93 and a fifty-two week high of $50.51.

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.