Howard Financial Services LTD. Sells 70,390 Shares of JPMorgan Ultra-Short Income ETF $JPST

Howard Financial Services LTD. reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 31.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 150,222 shares of the company’s stock after selling 70,390 shares during the period. JPMorgan Ultra-Short Income ETF comprises 0.8% of Howard Financial Services LTD.’s investment portfolio, making the stock its 29th biggest holding. Howard Financial Services LTD.’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,597,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Cardiff Park Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter worth about $25,000. Jackson Hole Capital Partners LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $28,000. Sittner & Nelson LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $30,000. Motiv8 Investments LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $32,000. Finally, TD Private Client Wealth LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 89.1% during the 4th quarter. TD Private Client Wealth LLC now owns 743 shares of the company’s stock valued at $38,000 after acquiring an additional 350 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of JPST stock opened at $50.42 on Wednesday. The company has a 50 day moving average of $50.48 and a 200-day moving average of $50.55. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.39 and a 12-month high of $50.79. The firm has a market cap of $40.32 billion, a P/E ratio of 109.61 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.