JPMorgan Ultra-Short Income ETF $JPST Stock Position Trimmed by Compass Financial Services Inc

Compass Financial Services Inc cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 399,647 shares of the company’s stock after selling 45,208 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 8.8% of Compass Financial Services Inc’s investment portfolio, making the stock its 2nd biggest holding. Compass Financial Services Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $20,226,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after acquiring an additional 9,729,791 shares during the last quarter. Morgan Stanley lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.4% during the 4th quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after acquiring an additional 1,449,509 shares during the period. LPL Financial LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after acquiring an additional 1,459,312 shares during the last quarter. Bank of America Corp DE boosted its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock valued at $579,023,000 after purchasing an additional 194,855 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock remained flat at $50.45 on Friday. 7,859,971 shares of the company traded hands, compared to its average volume of 6,763,187. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The company has a fifty day simple moving average of $50.50 and a two-hundred day simple moving average of $50.58. The firm has a market cap of $39.78 billion, a PE ratio of 109.67 and a beta of 0.01.

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.