Foster & Motley Inc. Sells 17,669 Shares of JPMorgan Ultra-Short Income ETF $JPST

Foster & Motley Inc. decreased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 35.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,487 shares of the company’s stock after selling 17,669 shares during the quarter. Foster & Motley Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,646,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in JPMorgan Ultra-Short Income ETF by 2.7% during the first quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock valued at $5,068,793,000 after buying an additional 2,598,084 shares during the last quarter. Temasek Holdings Private Ltd purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter valued at $842,655,000. LPL Financial LLC raised its stake in JPMorgan Ultra-Short Income ETF by 19.4% during the first quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after buying an additional 2,464,430 shares during the last quarter. HB Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 4.0% during the second quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock valued at $450,480,000 after buying an additional 342,791 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in JPMorgan Ultra-Short Income ETF by 22.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after buying an additional 1,265,522 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of NYSEARCA:JPST opened at $50.72 on Friday. The stock has a fifty day simple moving average of $50.67 and a two-hundred day simple moving average of $50.58. The stock has a market capitalization of $34.20 billion, a price-to-earnings ratio of 110.26 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.76.

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.