Summit Wealth Partners LLC Lowers Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Summit Wealth Partners LLC cut its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 345,460 shares of the company’s stock after selling 15,069 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 3.6% of Summit Wealth Partners LLC’s investment portfolio, making the stock its 7th largest position. Summit Wealth Partners LLC owned about 0.08% of JPMorgan Ultra-Short Income ETF worth $17,401,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $25,000. Eastern Bank grew its holdings in JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the period. Kennebec Savings Bank acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $27,000. Sound Income Strategies LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 82.2% in the fourth quarter. Sound Income Strategies LLC now owns 749 shares of the company’s stock valued at $38,000 after buying an additional 338 shares during the period. Finally, Sugar Maple Asset Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth $50,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.44 on Thursday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.75. The firm has a fifty day simple moving average of $50.48 and a 200 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.