Strategent Financial LLC Lowers Holdings in JPMorgan Ultra-Short Income ETF $JPST

Strategent Financial LLC lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 88.2% in the first quarter, HoldingsChannel reports. The fund owned 44,407 shares of the company’s stock after selling 330,349 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 1.5% of Strategent Financial LLC’s portfolio, making the stock its 17th largest position. Strategent Financial LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,247,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $25,000. Jackson Hole Capital Partners LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $28,000. Sittner & Nelson LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $30,000. MGB Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $30,000. Finally, Motiv8 Investments LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $32,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of JPST opened at $50.53 on Thursday. The firm has a market cap of $37.56 billion, a PE ratio of 109.85 and a beta of 0.01. The company’s fifty day moving average is $50.52 and its two-hundred day moving average is $50.59. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week 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.