Schwallier Wealth Management LLC Sells 13,747 Shares of JPMorgan Ultra-Short Income ETF $JPST

Schwallier Wealth Management LLC decreased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 33.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 26,780 shares of the company’s stock after selling 13,747 shares during the period. JPMorgan Ultra-Short Income ETF comprises 1.0% of Schwallier Wealth Management LLC’s holdings, making the stock its 16th largest position. Schwallier Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after buying an additional 9,729,791 shares during the period. Axxcess Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 568.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock valued at $393,694,000 after acquiring an additional 6,617,940 shares during the period. Bank of America Corp DE boosted its stake in JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares during the last quarter. LPL Financial LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after acquiring an additional 1,459,312 shares during the last quarter. Finally, Morgan Stanley boosted its stake in JPMorgan Ultra-Short Income ETF by 2.4% during the 4th quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after acquiring an additional 1,449,509 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.48 on Thursday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.39 and a 52-week high of $50.79. The stock has a market cap of $39.90 billion, a P/E ratio of 109.74 and a beta of 0.01. The firm has a 50 day moving average price of $50.49 and a 200 day moving average price of $50.57.

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.