First Hawaiian Bank Reduces Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

First Hawaiian Bank lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 24.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 41,911 shares of the company’s stock after selling 13,431 shares during the quarter. First Hawaiian Bank’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,126,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of JPST. Chelsea Counsel Co. bought a new position in JPMorgan Ultra-Short Income ETF during the first quarter valued at $25,000. Brentview Investment Management LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $35,000. Silicon Valley Capital Partners bought a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $37,000. Quaker Wealth Management LLC raised its position in JPMorgan Ultra-Short Income ETF by 173.1% in the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after purchasing an additional 1,906 shares during the period. Finally, Vestor Capital LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth about $41,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.67 on Tuesday. The firm has a market capitalization of $34.22 billion, a PE ratio of 110.15 and a beta of 0.01. The business has a 50 day simple moving average of $50.67 and a two-hundred day simple moving average of $50.63. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78.

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.