Fluent Financial LLC Cuts Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Fluent Financial LLC trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 82.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 219,706 shares of the company’s stock after selling 1,037,650 shares during the period. JPMorgan Ultra-Short Income ETF makes up 4.0% of Fluent Financial LLC’s holdings, making the stock its 5th biggest holding. Fluent Financial LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $11,111,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Nicholson Meyer Capital Management Inc. boosted its position in JPMorgan Ultra-Short Income ETF by 0.9% during the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after buying an additional 202 shares during the period. EverSource Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 2.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after acquiring an additional 221 shares during the last quarter. Whipplewood Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 1.2% in the first quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after acquiring an additional 227 shares during the period. Keel Point LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after acquiring an additional 239 shares during the period. Finally, Atticus Wealth Management LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 3.2% during the fourth quarter. Atticus Wealth Management LLC now owns 7,897 shares of the company’s stock valued at $399,000 after acquiring an additional 243 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.44 on Monday. The firm has a 50-day moving average of $50.47 and a 200-day moving average of $50.55. The firm has a market cap of $40.33 billion, a P/E ratio of 109.65 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.39 and a 1-year high of $50.79.

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.