Keel Point LLC Has $3.37 Million Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Keel Point LLC trimmed its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 26.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 67,129 shares of the company’s stock after selling 24,166 shares during the period. Keel Point LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JPST. Gradient Investments LLC raised its stake in JPMorgan Ultra-Short Income ETF by 265.0% during the 1st 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. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $32,000. Sunbelt Securities Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth approximately $38,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $39,000. Finally, Tanglewood Legacy Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $39,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST traded up $0.02 during mid-day trading on Tuesday, reaching $50.13. The company had a trading volume of 658,843 shares, compared to its average volume of 4,687,230. The firm has a 50-day moving average price of $50.10 and a 200 day moving average price of $50.16. JPMorgan Ultra-Short Income ETF has a 52 week low of $49.93 and a 52 week 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.