Fragasso Financial Advisors Inc Reduces Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Fragasso Financial Advisors Inc lowered its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,729 shares of the company’s stock after selling 2,150 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $994,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JPST. Hayek Kallen Investment Management boosted its position in shares of JPMorgan Ultra-Short Income ETF by 0.3% in the 3rd quarter. Hayek Kallen Investment Management now owns 76,493 shares of the company’s stock valued at $3,881,000 after purchasing an additional 219 shares during the period. Aspen Wealth Strategies LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 1.0% in the 3rd quarter. Aspen Wealth Strategies LLC now owns 27,036 shares of the company’s stock valued at $1,372,000 after purchasing an additional 261 shares during the period. Edgestream Partners L.P. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 0.6% in the 3rd quarter. Edgestream Partners L.P. now owns 47,521 shares of the company’s stock valued at $2,411,000 after purchasing an additional 262 shares during the period. Eagle Bluffs Wealth Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 0.6% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 51,672 shares of the company’s stock valued at $2,622,000 after purchasing an additional 293 shares during the period. Finally, Private Trust Co. NA lifted its position in JPMorgan Ultra-Short Income ETF by 1.4% during the 3rd quarter. Private Trust Co. NA now owns 21,106 shares of the company’s stock worth $1,071,000 after acquiring an additional 294 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock remained flat at $50.42 during mid-day trading on Monday. The company’s stock had a trading volume of 2,798,586 shares, compared to its average volume of 6,022,501. The stock has a fifty day moving average price of $50.47 and a 200-day moving average price of $50.51. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 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.