Mittelman Wealth Management Reduces Holdings in JPMorgan Ultra-Short Income ETF $JPST

Mittelman Wealth Management lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 7,060 shares of the company’s stock after selling 1,854 shares during the period. Mittelman Wealth Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $358,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JPST. L & S Advisors Inc bought a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $1,111,000. Phoenix Wealth Advisors boosted its position in shares of JPMorgan Ultra-Short Income ETF by 1.6% during the second quarter. Phoenix Wealth Advisors now owns 462,090 shares of the company’s stock valued at $23,419,000 after buying an additional 7,199 shares during the period. Donoghue Forlines LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $27,018,000. Schwarz Dygos Wheeler Investment Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 2.8% during the second quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 53,903 shares of the company’s stock valued at $2,732,000 after buying an additional 1,449 shares during the last quarter. Finally, Thompson Davis & CO. Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 50.9% in the second quarter. Thompson Davis & CO. Inc. now owns 42,121 shares of the company’s stock worth $2,135,000 after buying an additional 14,208 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.62 on Friday. The stock has a 50 day moving average price of $50.68 and a 200 day moving average price of $50.60. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78. The firm has a market capitalization of $34.19 billion, a P/E ratio of 110.04 and a beta of 0.01.

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.