Drive Wealth Management LLC Trims Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Drive Wealth Management LLC trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 37.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,343 shares of the company’s stock after selling 2,623 shares during the period. Drive Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eastern Bank lifted its holdings in JPMorgan Ultra-Short Income ETF by 95.1% in the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares in the last quarter. Kennebec Savings Bank acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $27,000. Hershey Financial Advisers LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $30,000. Sound Income Strategies LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 82.2% during the 4th quarter. Sound Income Strategies LLC now owns 749 shares of the company’s stock valued at $38,000 after acquiring an additional 338 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $50,000.

JPMorgan Ultra-Short Income ETF Stock Up 0.0 %

NYSEARCA JPST opened at $50.55 on Tuesday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.75. The company has a 50-day moving average of $50.48 and a 200-day moving average of $50.52.

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.