Legacy Wealth Management LLC Sells 1,631,248 Shares of JPMorgan Ultra-Short Income ETF $JPST

Legacy Wealth Management LLC trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 97.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,085 shares of the company’s stock after selling 1,631,248 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 0.1% of Legacy Wealth Management LLC’s holdings, making the stock its 17th biggest holding. Legacy Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,774,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Webster Bank N. A. increased 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 acquiring an additional 22,815 shares during the period. Buck Wealth Strategies LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 7.3% in the 4th quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock valued at $14,367,000 after purchasing an additional 19,402 shares during the period. Optima Capital LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $3,485,000. Private Trust Co. NA grew its position in shares of JPMorgan Ultra-Short Income ETF by 48.2% during the 4th quarter. Private Trust Co. NA now owns 38,955 shares of the company’s stock worth $1,971,000 after purchasing an additional 12,666 shares in the last quarter. Finally, Financial Connections Group Inc. grew its position in shares of JPMorgan Ultra-Short Income ETF by 18.2% during the 4th quarter. Financial Connections Group Inc. now owns 164,091 shares of the company’s stock worth $8,301,000 after purchasing an additional 25,240 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.44 on Monday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79. The firm’s 50 day moving average is $50.47 and its 200-day moving average is $50.55. The stock has a market capitalization of $40.33 billion, a PE ratio of 109.65 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.