JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) is OneAscent Wealth Management LLC’s 7th Largest Position

OneAscent Wealth Management LLC trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,312 shares of the company’s stock after selling 2,987 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 2.0% of OneAscent Wealth Management LLC’s investment portfolio, making the stock its 7th largest position. OneAscent Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,227,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Gradient Investments LLC lifted its position in JPMorgan Ultra-Short Income ETF by 265.0% during the first quarter. Gradient Investments LLC now owns 511 shares of the company’s stock worth $26,000 after buying an additional 371 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth approximately $32,000. Sunbelt Securities Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $38,000. Tanglewood Legacy Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $39,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $39,000.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock remained flat at $50.11 during trading on Friday. The company’s stock had a trading volume of 1,957,781 shares, compared to its average volume of 4,720,262. The firm’s 50-day simple moving average is $50.10 and its 200 day simple moving average is $50.16. JPMorgan Ultra-Short Income ETF has a 1 year low of $49.93 and a 1 year high of $50.40.

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.