Foundations Investment Advisors LLC Trims Holdings in JPMorgan Ultra-Short Income ETF $JPST

Foundations Investment Advisors LLC decreased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 61.1% during the third quarter, Holdings Channel.com reports. The fund owned 32,432 shares of the company’s stock after selling 50,915 shares during the quarter. Foundations Investment Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Rossmore Private Capital bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $25,000. Brentview Investment Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at about $35,000. Silicon Valley Capital Partners purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $37,000. American National Bank & Trust bought a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at approximately $38,000. Finally, Frazier Financial Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.78 on Friday. The firm has a market cap of $36.43 billion, a P/E ratio of 110.39 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The company has a 50 day simple moving average of $50.68 and a two-hundred day simple moving average of $50.66.

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.