Prentice Wealth Management LLC Trims Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Prentice Wealth Management LLC cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 88.7% in the 1st quarter, Holdings Channel reports. The firm owned 5,323 shares of the company’s stock after selling 41,684 shares during the period. Prentice Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of JPST. Total Clarity Wealth Management Inc. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 21.4% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 24,110 shares of the company’s stock valued at $1,220,000 after purchasing an additional 4,243 shares in the last quarter. Signal Advisors Wealth LLC raised its stake in JPMorgan Ultra-Short Income ETF by 1.0% in the first quarter. Signal Advisors Wealth LLC now owns 26,452 shares of the company’s stock worth $1,339,000 after buying an additional 252 shares in the last quarter. Essex Bank raised its stake in JPMorgan Ultra-Short Income ETF by 3.2% in the first quarter. Essex Bank now owns 41,754 shares of the company’s stock worth $2,113,000 after buying an additional 1,306 shares in the last quarter. Sovereign Financial Group Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 8.3% in the first quarter. Sovereign Financial Group Inc. now owns 36,036 shares of the company’s stock worth $1,824,000 after buying an additional 2,759 shares during the period. Finally, Discipline Wealth Solutions LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 25.9% in the first quarter. Discipline Wealth Solutions LLC now owns 5,630 shares of the company’s stock worth $285,000 after buying an additional 1,159 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.52 on Wednesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79. The stock’s 50 day simple moving average is $50.52 and its two-hundred day simple moving average is $50.59. The stock has a market cap of $37.55 billion, a price-to-earnings ratio of 109.83 and a beta of 0.01.

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.