JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Flaharty Asset Management LLC

Flaharty Asset Management LLC lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 87.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 42,699 shares of the company’s stock after selling 289,307 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 3.1% of Flaharty Asset Management LLC’s portfolio, making the stock its 15th largest holding. Flaharty Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,153,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of JPST. Cardiff Park Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at 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, Beacon Financial Strategies CORP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.44 on Friday. The stock has a market capitalization of $40.33 billion, a price-to-earnings ratio of 109.65 and a beta of 0.01. The firm’s 50 day simple moving average is $50.47 and its 200-day simple moving average is $50.55. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79.

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.