Narus Financial Partners LLC Sells 41,177 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Narus Financial Partners LLC lessened its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 60.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,368 shares of the company’s stock after selling 41,177 shares during the quarter. Narus Financial Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,379,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in JPMorgan Ultra-Short Income ETF by 26.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,544,853 shares of the company’s stock worth $3,731,666,000 after buying an additional 15,245,816 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in JPMorgan Ultra-Short Income ETF by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,600,636 shares of the company’s stock worth $690,096,000 after acquiring an additional 91,729 shares in the last quarter. LPL Financial LLC increased its stake in JPMorgan Ultra-Short Income ETF by 7.6% in the third quarter. LPL Financial LLC now owns 11,172,018 shares of the company’s stock valued at $566,868,000 after acquiring an additional 789,054 shares during the last quarter. HB Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 11.2% during the fourth quarter. HB Wealth Management LLC now owns 8,316,836 shares of the company’s stock worth $416,590,000 after purchasing an additional 838,189 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,858,342 shares of the company’s stock worth $297,252,000 after purchasing an additional 103,192 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.59 on Friday. The stock’s 50-day moving average is $50.48 and its 200 day moving average is $50.52. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.20 and a 1-year high of $50.75.

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.