MMA Asset Management LLC Lowers Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

MMA Asset Management LLC reduced its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 24.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 36,223 shares of the company’s stock after selling 11,768 shares during the period. JPMorgan Ultra-Short Income ETF makes up 0.8% of MMA Asset Management LLC’s investment portfolio, making the stock its 27th largest holding. MMA Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,825,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPST. New Wave Wealth Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth $25,000. Eastern Bank boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 95.1% in the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after acquiring an additional 250 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $27,000. Maryland Capital Advisors Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $31,000. Finally, Bogart Wealth LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7,744.4% in the fourth quarter. Bogart Wealth LLC now owns 706 shares of the company’s stock valued at $36,000 after acquiring an additional 697 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Up 0.1 %

Shares of NYSEARCA:JPST opened at $50.66 on Friday. The firm’s 50-day simple moving average is $50.49 and its 200-day simple moving average is $50.53. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two 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.