Summit Place Financial Advisors LLC Sells 14,947 Shares of JPMorgan Ultra-Short Income ETF $JPST

Summit Place Financial Advisors LLC lowered its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,653 shares of the company’s stock after selling 14,947 shares during the quarter. Summit Place Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at about $25,000. Rossmore Private Capital bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at about $25,000. Jackson Hole Capital Partners LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $28,000. MGB Wealth Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at about $30,000. Finally, American National Bank & Trust bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at about $38,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

NYSEARCA JPST opened at $50.60 on Friday. The stock has a market cap of $37.61 billion, a P/E ratio of 110.00 and a beta of 0.01. The company’s 50-day simple moving average is $50.57 and its 200 day simple moving average is $50.64. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.41 and a twelve month high of $50.79.

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.