JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Cynosure Group LLC

Cynosure Group LLC lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 362,335 shares of the company’s stock after selling 18,402 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 2.0% of Cynosure Group LLC’s portfolio, making the stock its 12th largest holding. Cynosure Group LLC owned 0.05% of JPMorgan Ultra-Short Income ETF worth $18,381,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of JPST. Temasek Holdings Private Ltd acquired a new position in JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $842,655,000. Bank of America Corp DE increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock valued at $562,208,000 after purchasing an additional 94,082 shares during the period. HB Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 4.0% during the second quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock worth $450,480,000 after buying an additional 342,791 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 22.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after buying an additional 1,265,522 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

JPST opened at $50.62 on Monday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.78. The company has a fifty day moving average of $50.67 and a two-hundred day moving average of $50.65. The stock has a market capitalization of $35.42 billion, a price-to-earnings ratio of 110.04 and a beta of 0.01.

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.