JPMorgan Ultra-Short Income ETF $JPST Stock: Elevation Capital Advisory LLC Reduces Holdings

Elevation Capital Advisory LLC cut its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,697 shares of the company’s stock after selling 15,283 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 1.6% of Elevation Capital Advisory LLC’s portfolio, making the stock its 28th largest position. Elevation Capital Advisory LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,065,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. HB Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 5.4% in the second quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock valued at $506,509,000 after purchasing an additional 514,497 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.1% during the first quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock valued at $271,917,000 after purchasing an additional 534,875 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock valued at $184,468,000 after purchasing an additional 245,314 shares during the period. Cetera Investment Advisers boosted its position in shares of JPMorgan Ultra-Short Income ETF by 10.2% during the 1st quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock worth $170,925,000 after purchasing an additional 312,033 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp boosted its position in shares of JPMorgan Ultra-Short Income ETF by 215.9% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after purchasing an additional 1,921,600 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.43 on Friday. The stock has a 50-day moving average of $50.37 and a 200-day moving average of $50.50. The company has a market cap of $42.55 billion, a PE ratio of 109.63 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year 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.