JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Shares Sold by Novare Capital Management LLC

Novare Capital Management LLC reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 53,067 shares of the company’s stock after selling 2,029 shares during the period. Novare Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,673,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in JPMorgan Ultra-Short Income ETF by 26.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,544,853 shares of the company’s stock valued at $3,731,666,000 after acquiring an additional 15,245,816 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,600,636 shares of the company’s stock valued at $690,096,000 after purchasing an additional 91,729 shares during the period. LPL Financial LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the third quarter. LPL Financial LLC now owns 11,172,018 shares of the company’s stock valued at $566,868,000 after purchasing an additional 789,054 shares in the last quarter. HB Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 11.2% during the 4th quarter. HB Wealth Management LLC now owns 8,316,836 shares of the company’s stock worth $416,590,000 after buying an additional 838,189 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,858,342 shares of the company’s stock worth $297,252,000 after buying an additional 103,192 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.53 on Friday. The firm has a 50 day moving average of $50.48 and a two-hundred day moving average of $50.52. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.75.

JPMorgan Ultra-Short Income ETF Company 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.