Valley National Advisers Inc. Sells 3,486 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Valley National Advisers Inc. reduced its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.4% in the 4th quarter, HoldingsChannel reports. The fund owned 60,568 shares of the company’s stock after selling 3,486 shares during the period. Valley National Advisers Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,050,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $25,000. Eastern Bank grew its position in shares of JPMorgan Ultra-Short Income ETF by 95.1% in the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after buying an additional 250 shares during the last quarter. Kennebec Savings Bank acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $27,000. Sound Income Strategies LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 82.2% during the fourth quarter. Sound Income Strategies LLC now owns 749 shares of the company’s stock worth $38,000 after acquiring an additional 338 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth approximately $50,000.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.60 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.75. The company has a 50 day simple moving average of $50.49 and a two-hundred day simple moving average of $50.52.

JPMorgan Ultra-Short Income ETF 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.