Lunt Capital Management Inc. Sells 400 Shares of JPMorgan Ultra-Short Income ETF $JPST

Lunt Capital Management Inc. decreased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,149 shares of the company’s stock after selling 400 shares during the period. Lunt Capital Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in JPMorgan Ultra-Short Income ETF by 2.7% in the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock worth $5,068,793,000 after purchasing an additional 2,598,084 shares during the period. Temasek Holdings Private Ltd acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $842,655,000. LPL Financial LLC boosted its position in shares of 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 worth $767,511,000 after buying an additional 2,464,430 shares during the period. HB Wealth Management LLC grew its holdings in shares of 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 worth $450,480,000 after buying an additional 342,791 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in JPMorgan Ultra-Short Income ETF by 22.6% in the 2nd 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. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.67 on Wednesday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.76. The stock’s 50 day moving average price is $50.66 and its two-hundred day moving average price is $50.57. The stock has a market capitalization of $34.17 billion, a price-to-earnings ratio of 110.15 and a beta of 0.03.

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.