Prism Advisors Inc. Cuts Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Prism Advisors Inc. lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 97.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,227 shares of the company’s stock after selling 298,875 shares during the period. Prism Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $416,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of 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 worth $12,575,000 after purchasing an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth $3,603,000. EverSource Wealth Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 99.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after purchasing an additional 496 shares in the last quarter. First Trust Advisors LP purchased a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $203,000. Finally, Brown Advisory Inc. grew its stake in JPMorgan Ultra-Short Income ETF by 7.6% during the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after buying an additional 431 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.57 on Wednesday. The business’s 50-day moving average is $50.52 and its 200 day moving average is $50.59. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.41 and a 1 year high of $50.79. The firm has a market capitalization of $37.59 billion, a P/E ratio of 109.93 and a beta of 0.01.

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.