Nolet Wealth Management LLC Trims Holdings in JPMorgan Ultra-Short Income ETF $JPST

Nolet Wealth Management LLC reduced its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 49.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,212 shares of the company’s stock after selling 29,386 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 0.9% of Nolet Wealth Management LLC’s investment portfolio, making the stock its 19th largest position. Nolet Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,529,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Cardiff Park Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $28,000. Sittner & Nelson LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $30,000. Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $38,000. 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 JPMorgan Ultra-Short Income ETF stock opened at $50.48 on Thursday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.79. The firm has a market cap of $39.90 billion, a PE ratio of 109.74 and a beta of 0.01. The business’s fifty day moving average is $50.49 and its two-hundred day moving average is $50.57.

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.