Schwallier Wealth Management LLC Sells 13,747 Shares of JPMorgan Ultra-Short Income ETF $JPST

Schwallier Wealth Management LLC trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 33.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,780 shares of the company’s stock after selling 13,747 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 1.0% of Schwallier Wealth Management LLC’s portfolio, making the stock its 16th biggest position. Schwallier Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,355,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 10.1% in the 4th 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 grew its position 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 buying an additional 6,617,940 shares during the period. Bank of America Corp DE raised its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after buying an additional 2,162,615 shares during the last quarter. LPL Financial LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 8.0% during the fourth quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after buying an additional 1,459,312 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in JPMorgan Ultra-Short Income ETF by 2.4% in the fourth 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 during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.48 on Thursday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.79. The firm has a market capitalization of $39.90 billion, a P/E ratio of 109.74 and a beta of 0.01. The company’s 50 day simple moving average is $50.49 and its 200 day simple moving average is $50.57.

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.