Brown Miller Wealth Management LLC Has $608,000 Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Brown Miller Wealth Management LLC lessened its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 30.7% during the third quarter, HoldingsChannel.com reports. The firm owned 11,995 shares of the company’s stock after selling 5,324 shares during the period. Brown Miller Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $608,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in JPST. Thurston Springer Miller Herd & Titak Inc. acquired a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth $25,000. LRI Investments LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $30,000. Hershey Financial Advisers LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $30,000. Triad Wealth Partners LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $32,000. Finally, Cooksen Wealth LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $36,000.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.53 on Friday. JPMorgan Ultra-Short Income ETF has a 1-year low of $49.97 and a 1-year high of $50.75. The business’s 50 day simple moving average is $50.58 and its 200 day simple moving average is $50.45.

About JPMorgan Ultra-Short Income ETF

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.