JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Shares Sold by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. lessened its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,857 shares of the company’s stock after selling 12,391 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 1.6% of Symphony Financial Ltd. Co.’s portfolio, making the stock its 18th largest position. Symphony Financial Ltd. Co.’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,409,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Adamsbrown Wealth Consultants LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $226,000. Birch Capital Management LLC increased its position in JPMorgan Ultra-Short Income ETF by 32.8% in the 2nd quarter. Birch Capital Management LLC now owns 15,555 shares of the company’s stock valued at $780,000 after acquiring an additional 3,838 shares during the period. Royal Fund Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $10,035,000. FSM Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 5.1% in the 2nd quarter. FSM Wealth Advisors LLC now owns 128,208 shares of the company’s stock valued at $6,413,000 after purchasing an additional 6,221 shares during the last quarter. Finally, Pasadena Private Wealth LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.9% in the second quarter. Pasadena Private Wealth LLC now owns 76,312 shares of the company’s stock valued at $3,826,000 after purchasing an additional 1,406 shares during the period.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST traded up $0.02 during mid-day trading on Tuesday, hitting $50.13. 884,693 shares of the company were exchanged, compared to its average volume of 4,688,278. The stock has a 50 day simple moving average of $50.10 and a 200-day simple moving average of $50.16. JPMorgan Ultra-Short Income ETF has a 1-year low of $49.93 and a 1-year high of $50.40.

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.