Wallace Advisory Group LLC Sells 2,094 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Wallace Advisory Group LLC lowered its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 30,116 shares of the company’s stock after selling 2,094 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 1.1% of Wallace Advisory Group LLC’s holdings, making the stock its 20th biggest position. Wallace Advisory Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,528,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in JPMorgan Ultra-Short Income ETF by 132.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,772 shares of the company’s stock valued at $2,007,000 after purchasing an additional 22,665 shares during the period. Envestnet Asset Management Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,615,274 shares of the company’s stock valued at $182,463,000 after purchasing an additional 14,611 shares during the period. Inspire Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $216,000. Brown Brothers Harriman & Co. bought a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $265,000. Finally, Total Clarity Wealth Management Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 59.8% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 12,565 shares of the company’s stock valued at $634,000 after purchasing an additional 4,704 shares during the period.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.43 on Tuesday. The business’s 50 day moving average is $50.47 and its 200 day moving average is $50.51. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month high of $50.75.

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.