Legacy Wealth Advisors LLC Has $18.61 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Legacy Wealth Advisors LLC lessened its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 367,719 shares of the company’s stock after selling 58,431 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 9.5% of Legacy Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Legacy Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $18,610,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mezzasalma Advisors LLC raised its stake in JPMorgan Ultra-Short Income ETF by 70.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock valued at $4,082,000 after purchasing an additional 33,446 shares in the last quarter. Webster Bank N. A. lifted its position in JPMorgan Ultra-Short Income ETF by 27.0% during the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock worth $5,430,000 after purchasing an additional 22,815 shares during the period. Buck Wealth Strategies LLC grew its stake in JPMorgan Ultra-Short Income ETF by 7.3% during the fourth quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock worth $14,367,000 after buying an additional 19,402 shares in the last quarter. Optima Capital LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $3,485,000. Finally, Greenberg Financial Group bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $1,544,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The stock has a market capitalization of $40.02 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. The company’s 50 day simple moving average is $50.49 and its 200 day simple moving average is $50.57.

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.