Citizens Financial Group Inc. RI Cuts Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Citizens Financial Group Inc. RI trimmed its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 311,554 shares of the company’s stock after selling 24,727 shares during the period. Citizens Financial Group Inc. RI owned 0.07% of JPMorgan Ultra-Short Income ETF worth $15,808,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. LPL Financial LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 13.5% during the second quarter. LPL Financial LLC now owns 10,382,964 shares of the company’s stock worth $524,028,000 after purchasing an additional 1,235,482 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in 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 buying an additional 1,053,392 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 3,615,274 shares of the company’s stock valued at $182,463,000 after buying an additional 14,611 shares during the last quarter. Cetera Investment Advisers boosted its holdings in JPMorgan Ultra-Short Income ETF by 31.0% in the second quarter. Cetera Investment Advisers now owns 2,345,160 shares of the company’s stock worth $118,360,000 after acquiring an additional 554,564 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 6.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,201,925 shares of the company’s stock worth $111,131,000 after acquiring an additional 142,741 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.52 on Thursday. The firm’s 50-day moving average price is $50.55 and its 200-day moving average price is $50.48. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.13 and a 52-week high of $50.75.

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.