JPMorgan Ultra-Short Income ETF $JPST Stock: VCI Wealth Management LLC Lowers Stake

VCI Wealth Management LLC lowered its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.0% during the third quarter, HoldingsChannel reports. The firm owned 318,215 shares of the company’s stock after selling 24,127 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 3.8% of VCI Wealth Management LLC’s holdings, making the stock its 6th largest holding. VCI Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $16,028,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Adventist Health System Sunbelt Healthcare Corp grew its position in shares of JPMorgan Ultra-Short Income ETF by 215.9% in the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after purchasing an additional 1,921,600 shares during the period. Fluent Financial LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 454.3% during the 3rd quarter. Fluent Financial LLC now owns 1,217,803 shares of the company’s stock worth $61,341,000 after buying an additional 998,097 shares during the period. Kensington Asset Management LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 71.7% during the 1st quarter. Kensington Asset Management LLC now owns 1,994,639 shares of the company’s stock worth $100,949,000 after buying an additional 832,640 shares during the period. HighTower Advisors LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 50.0% during the 2nd quarter. HighTower Advisors LLC now owns 1,988,463 shares of the company’s stock worth $100,557,000 after buying an additional 662,886 shares during the period. Finally, Ridgepath Capital Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 214.7% in the first quarter. Ridgepath Capital Management LLC now owns 938,877 shares of the company’s stock valued at $47,517,000 after buying an additional 640,542 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.26 on Tuesday. The firm has a market cap of $42.41 billion, a P/E ratio of 109.26 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month high of $50.79. The firm’s 50 day moving average price is $50.37 and its two-hundred day moving average price is $50.50.

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.