Flagstar Advisors Inc. Sells 5,274 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Flagstar Advisors Inc. cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 28.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,109 shares of the company’s stock after selling 5,274 shares during the period. Flagstar Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of JPST. New Wave Wealth Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $25,000. Eastern Bank boosted its holdings in JPMorgan Ultra-Short Income ETF by 95.1% in the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the period. Kennebec Savings Bank bought a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $27,000. Maryland Capital Advisors Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth $31,000. Finally, Bogart Wealth LLC grew its position in JPMorgan Ultra-Short Income ETF by 7,744.4% during the fourth quarter. Bogart Wealth LLC now owns 706 shares of the company’s stock worth $36,000 after buying an additional 697 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.49 on Wednesday. The business has a 50-day moving average of $50.48 and a 200-day moving average of $50.52. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.75.

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.