McAdam LLC Reduces Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

McAdam LLC trimmed its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 21.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,639 shares of the company’s stock after selling 4,362 shares during the period. McAdam LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Paladin Advisory Group LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 16.0% during the second quarter. Paladin Advisory Group LLC now owns 93,826 shares of the company’s stock worth $4,715,000 after purchasing an additional 12,942 shares during the last quarter. Transcendent Capital Group LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 47.2% during the second quarter. Transcendent Capital Group LLC now owns 90,638 shares of the company’s stock worth $4,574,000 after purchasing an additional 29,046 shares in the last quarter. ACT Advisors LLC. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $32,356,000. West Oak Capital LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 9.0% in the 2nd quarter. West Oak Capital LLC now owns 23,088 shares of the company’s stock valued at $1,165,000 after buying an additional 1,903 shares in the last quarter. Finally, Herold Advisors Inc. grew its position in shares of JPMorgan Ultra-Short Income ETF by 17.5% in the 2nd quarter. Herold Advisors Inc. now owns 75,949 shares of the company’s stock valued at $3,833,000 after buying an additional 11,324 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.61 on Friday. JPMorgan Ultra-Short Income ETF has a 1-year low of $49.96 and a 1-year high of $50.64. The firm has a fifty day moving average price of $50.46 and a 200 day moving average price of $50.39.

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.