NavPoint Financial Inc. Sells 8,674 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

NavPoint Financial Inc. cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,374 shares of the company’s stock after selling 8,674 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 7.1% of NavPoint Financial Inc.’s holdings, making the stock its 3rd largest holding. NavPoint Financial Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 30.0% in the 1st quarter. JPMorgan Chase & Co. now owns 45,690,839 shares of the company’s stock worth $2,305,103,000 after acquiring an additional 10,546,138 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 927.2% in the first quarter. Cetera Investment Advisers now owns 1,790,596 shares of the company’s stock valued at $90,336,000 after buying an additional 1,616,273 shares during the last quarter. LPL Financial LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 13.5% during the 2nd quarter. LPL Financial LLC now owns 10,382,964 shares of the company’s stock worth $524,028,000 after acquiring an additional 1,235,482 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 22.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,755,150 shares of the company’s stock valued at $292,016,000 after acquiring an additional 1,053,392 shares during the last quarter. Finally, Spire Wealth Management lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 207.5% in the 2nd quarter. Spire Wealth Management now owns 1,515,432 shares of the company’s stock valued at $76,484,000 after purchasing an additional 1,022,638 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Up 0.1 %

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.43 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.08 and a 12 month high of $50.75. The business has a fifty day simple moving average of $50.57 and a 200 day simple moving average of $50.48.

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.