Hilltop Holdings Inc. Lowers Position in JPMorgan Ultra-Short Income ETF $JPST

Hilltop Holdings Inc. decreased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.1% during the first quarter, Holdings Channel.com reports. The firm owned 141,079 shares of the company’s stock after selling 23,117 shares during the period. JPMorgan Ultra-Short Income ETF comprises 0.6% of Hilltop Holdings Inc.’s investment portfolio, making the stock its 27th biggest holding. Hilltop Holdings Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,140,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nicholson Meyer Capital Management Inc. grew its position in JPMorgan Ultra-Short Income ETF by 0.9% during the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after buying an additional 202 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 2.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after acquiring an additional 221 shares during the period. Whipplewood Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 1.2% during the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after acquiring an additional 227 shares in the last quarter. Keel Point LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after acquiring an additional 239 shares in the last quarter. Finally, Atticus Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 3.2% during the 4th quarter. Atticus Wealth Management LLC now owns 7,897 shares of the company’s stock valued at $399,000 after acquiring an additional 243 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

Shares of JPST opened at $50.48 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79. The stock’s 50 day moving average is $50.49 and its two-hundred day moving average is $50.56. The firm has a market cap of $40.00 billion, a P/E ratio of 109.74 and a beta of 0.01.

About JPMorgan Ultra-Short Income ETF

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.