MML Investors Services LLC Has $61.31 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

MML Investors Services LLC trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,211,818 shares of the company’s stock after selling 93,958 shares during the period. MML Investors Services LLC owned 0.17% of JPMorgan Ultra-Short Income ETF worth $61,306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Millennium Management LLC raised its position in JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after purchasing an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $3,603,000. EverSource Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after purchasing an additional 496 shares in the last quarter. First Trust Advisors LP acquired a new position in JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $203,000. Finally, Brown Advisory Inc. raised its position in JPMorgan Ultra-Short Income ETF by 7.6% during the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after purchasing an additional 431 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.52 on Tuesday. JPMorgan Ultra-Short Income ETF has a one year low of $50.41 and a one year high of $50.79. The company has a market cap of $37.55 billion, a P/E ratio of 109.83 and a beta of 0.01. The firm has a 50 day simple moving average of $50.51 and a two-hundred day simple moving average of $50.60.

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.