Prism Advisors Inc. Reduces Position in JPMorgan Ultra-Short Income ETF $JPST

Prism Advisors Inc. decreased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 97.3% during the first quarter, HoldingsChannel reports. The firm owned 8,227 shares of the company’s stock after selling 298,875 shares during the quarter. Prism Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of 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 worth $5,386,450,000 after buying an additional 9,729,791 shares during the period. Morgan Stanley increased its position in shares of JPMorgan Ultra-Short Income ETF by 2.4% in the 4th quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock valued at $3,109,705,000 after acquiring an additional 1,449,509 shares during the period. LPL Financial LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after acquiring an additional 1,459,312 shares during the period. Bank of America Corp DE increased its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after acquiring an additional 2,162,615 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock worth $579,023,000 after acquiring an additional 194,855 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.57 on Wednesday. The stock has a 50-day moving average of $50.52 and a two-hundred day moving average of $50.59. JPMorgan Ultra-Short Income ETF has a one year low of $50.41 and a one year high of $50.79. The stock has a market cap of $37.59 billion, a P/E ratio of 109.93 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.