JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Nolet Wealth Management LLC

Nolet Wealth Management LLC reduced its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 49.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,212 shares of the company’s stock after selling 29,386 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 0.9% of Nolet Wealth Management LLC’s investment portfolio, making the stock its 19th largest position. Nolet Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPST. JPMorgan Chase & Co. grew its position in shares of JPMorgan Ultra-Short Income ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after purchasing an additional 9,729,791 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 568.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after purchasing an additional 6,617,940 shares in the last quarter. Bank of America Corp DE raised its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares during the last quarter. LPL Financial LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after purchasing an additional 1,459,312 shares during the last quarter. Finally, Morgan Stanley lifted its stake in JPMorgan Ultra-Short Income ETF by 2.4% in the 4th quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock valued at $3,109,705,000 after buying an additional 1,449,509 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 NYSEARCA:JPST opened at $50.48 on Thursday. The business’s fifty day moving average price is $50.49 and its two-hundred day moving average price is $50.57. The stock has a market cap of $39.90 billion, a PE ratio of 109.74 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year high of $50.79.

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.