Foundations Investment Advisors LLC Reduces Stake in JPMorgan Ultra-Short Income ETF $JPST

Foundations Investment Advisors LLC lessened its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 61.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,432 shares of the company’s stock after selling 50,915 shares during the quarter. Foundations Investment Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,645,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Paragon Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 259.8% during the 3rd quarter. Paragon Advisors LLC now owns 911,578 shares of the company’s stock valued at $46,244,000 after purchasing an additional 658,248 shares during the last quarter. GPS Wealth Strategies Group LLC grew its position in JPMorgan Ultra-Short Income ETF by 37.3% during the third quarter. GPS Wealth Strategies Group LLC now owns 26,548 shares of the company’s stock valued at $1,347,000 after buying an additional 7,211 shares during the period. AE Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 3.9% during the third quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock valued at $17,072,000 after buying an additional 12,743 shares during the last quarter. Archer Investment Corp boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 11.2% during the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after acquiring an additional 200 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 16.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,130 shares of the company’s stock worth $2,137,000 after acquiring an additional 5,800 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.78 on Friday. The firm has a market capitalization of $36.43 billion, a price-to-earnings ratio of 110.39 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79. The business has a fifty day moving average price of $50.68 and a 200-day moving average price of $50.66.

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.