JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Stock Position Lowered by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,670,560 shares of the company’s stock after selling 360,640 shares during the quarter. Envestnet Asset Management Inc. owned 0.59% of JPMorgan Ultra-Short Income ETF worth $134,516,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $25,000. Eastern Bank boosted its holdings in JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after buying an additional 250 shares in the last quarter. Howe & Rusling Inc. bought a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $26,000. Maryland Capital Advisors Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth approximately $31,000. Finally, Cyrus J. Lawrence LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $31,000.

JPMorgan Ultra-Short Income ETF Trading Down 0.1 %

Shares of NYSEARCA:JPST opened at $50.42 on Tuesday. The stock has a fifty day moving average of $50.52 and a 200-day moving average of $50.52. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year 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.