MML Investors Services LLC Sells 93,958 Shares of JPMorgan Ultra-Short Income ETF $JPST

MML Investors Services LLC lowered its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,211,818 shares of the company’s stock after selling 93,958 shares during the quarter. MML Investors Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $61,306,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in JPMorgan Ultra-Short Income ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after acquiring an additional 9,729,791 shares during the last quarter. Morgan Stanley raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.4% during the fourth quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock valued at $3,109,705,000 after purchasing an additional 1,449,509 shares during the period. LPL Financial LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.0% during the fourth quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after purchasing an additional 1,459,312 shares during the period. Bank of America Corp DE raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock valued at $579,023,000 after purchasing an additional 194,855 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of NYSEARCA JPST opened at $50.52 on Tuesday. The firm’s 50-day moving average price is $50.51 and its 200-day moving average price is $50.60. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79. The firm has a market capitalization of $37.55 billion, a P/E ratio of 109.83 and a beta of 0.01.

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.