US Bancorp DE Sells 469 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

US Bancorp DE decreased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,627 shares of the company’s stock after selling 469 shares during the quarter. US Bancorp DE’s holdings in JPMorgan Ultra-Short Income ETF were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ackerman Asset Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $4,631,000. Harbour Investments Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.1% in the 1st quarter. Harbour Investments Inc. now owns 436,496 shares of the company’s stock worth $22,100,000 after buying an additional 57,379 shares during the period. HHM Wealth Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 73.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 8,686 shares of the company’s stock worth $440,000 after buying an additional 3,679 shares during the period. Lee Kelleher Wealth Management raised its position in shares of JPMorgan Ultra-Short Income ETF by 1.0% in the 1st quarter. Lee Kelleher Wealth Management now owns 68,825 shares of the company’s stock worth $3,485,000 after acquiring an additional 706 shares in the last quarter. Finally, MGO One Seven LLC increased its position in JPMorgan Ultra-Short Income ETF by 3.6% during the 1st quarter. MGO One Seven LLC now owns 866,053 shares of the company’s stock valued at $43,848,000 after buying an additional 30,241 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.59 on Friday. The stock’s 50-day simple moving average is $50.55 and its 200-day simple moving average is $50.53. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.75. The firm has a market capitalization of $32.23 billion, a PE ratio of 109.98 and a beta of 0.03.

JPMorgan Ultra-Short Income ETF 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.