Commonwealth Equity Services LLC Has $98.50 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

Commonwealth Equity Services LLC trimmed its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,941,637 shares of the company’s stock after selling 508,329 shares during the period. Commonwealth Equity Services LLC owned approximately 0.29% of JPMorgan Ultra-Short Income ETF worth $98,499,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sandy Cove Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 3,571.4% in the third quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock valued at $7,646,000 after buying an additional 146,606 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $3,946,000. Crane Advisory LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 4.0% during the 3rd quarter. Crane Advisory LLC now owns 1,477,574 shares of the company’s stock valued at $74,780,000 after purchasing an additional 56,362 shares during the last quarter. Strategent Financial LLC boosted its position in JPMorgan Ultra-Short Income ETF by 1.4% during the second quarter. Strategent Financial LLC now owns 349,122 shares of the company’s stock worth $17,694,000 after purchasing an additional 4,657 shares during the period. Finally, Alpha Omega Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 4.8% during the third quarter. Alpha Omega Wealth Management LLC now owns 801,865 shares of the company’s stock worth $40,679,000 after purchasing an additional 36,594 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.61 on Tuesday. The firm has a market capitalization of $35.42 billion, a PE ratio of 110.02 and a beta of 0.01. The company’s 50-day moving average is $50.67 and its 200-day moving average is $50.65. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week 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.