Cooper Financial Group Lowers Stake in JPMorgan Ultra-Short Income ETF $JPST

Cooper Financial Group decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,962 shares of the company’s stock after selling 15,329 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 1.4% of Cooper Financial Group’s investment portfolio, making the stock its 19th biggest holding. Cooper Financial Group’s holdings in JPMorgan Ultra-Short Income ETF were worth $17,124,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Trust Services Inc. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 22.0% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 107,960 shares of the company’s stock valued at $5,438,000 after buying an additional 19,458 shares during the last quarter. Kwmg LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 8.6% in the 3rd quarter. Kwmg LLC now owns 360,964 shares of the company’s stock worth $18,182,000 after buying an additional 28,712 shares in the last quarter. PFW Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $210,000. Worth Asset Management LLC raised its position in JPMorgan Ultra-Short Income ETF by 81.2% in the 3rd quarter. Worth Asset Management LLC now owns 187,616 shares of the company’s stock worth $9,450,000 after buying an additional 84,093 shares during the last quarter. Finally, Matrix Trust Co bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $173,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of NYSEARCA JPST traded up $0.02 during trading on Wednesday, reaching $50.27. 6,289,955 shares of the company traded hands, compared to its average volume of 6,806,875. The firm has a 50 day simple moving average of $50.41 and a 200-day simple moving average of $50.47. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week high of $50.79. The stock has a market capitalization of $42.05 billion, a PE ratio of 109.28 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.