5T Wealth LLC Sells 23,053 Shares of JPMorgan Ultra-Short Income ETF $JPST

5T Wealth LLC reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 42.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,646 shares of the company’s stock after selling 23,053 shares during the period. 5T Wealth LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JPST. Chelsea Counsel Co. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth $25,000. Pandora Wealth Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth $34,000. Cooksen Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth $36,000. Frazier Financial Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $41,000. Finally, Quaker Wealth Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 173.1% in the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after purchasing an additional 1,906 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

NYSEARCA:JPST opened at $50.77 on Friday. The firm has a market capitalization of $34.29 billion, a P/E ratio of 110.37 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.78. The stock’s fifty day simple moving average is $50.69 and its 200-day simple moving average is $50.60.

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.