Skyline Advisors Inc. Lowers Stock Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Skyline Advisors Inc. lessened its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 49,342 shares of the company’s stock after selling 564 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 1.1% of Skyline Advisors Inc.’s investment portfolio, making the stock its 17th biggest holding. Skyline Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,489,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPST. Mine & Arao Wealth Creation & Management LLC. purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $30,000. Mendota Financial Group LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $34,000. Cooksen Wealth LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth $36,000. Tucker Asset Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 75.7% during the 4th quarter. Tucker Asset Management LLC now owns 736 shares of the company’s stock worth $37,000 after acquiring an additional 317 shares during the period. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $45,000.

JPMorgan Ultra-Short Income ETF Stock Down 0.4 %

Shares of NYSEARCA:JPST traded down $0.22 during midday trading on Monday, reaching $50.25. The company’s stock had a trading volume of 1,471,945 shares, compared to its average volume of 3,770,585. JPMorgan Ultra-Short Income ETF has a twelve month low of $49.93 and a twelve month high of $50.51. The stock has a fifty day moving average of $50.38 and a 200 day moving average of $50.35.

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.