Prentice Wealth Management LLC Reduces Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Prentice Wealth Management LLC lessened its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 88.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,323 shares of the company’s stock after selling 41,684 shares during the period. Prentice Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $269,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cardiff Park Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth about $25,000. Jackson Hole Capital Partners LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $28,000. MGB Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $30,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $30,000. Finally, Motiv8 Investments LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.52 on Wednesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79. The stock has a 50 day simple moving average of $50.52 and a two-hundred day simple moving average of $50.59. The stock has a market cap of $37.55 billion, a P/E ratio of 109.83 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Company 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.