Bank of Montreal Can Sells 96,481 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Bank of Montreal Can lessened its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 46.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 112,776 shares of the company’s stock after selling 96,481 shares during the quarter. Bank of Montreal Can’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,691,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in JPMorgan Ultra-Short Income ETF by 30.0% in the 1st quarter. JPMorgan Chase & Co. now owns 45,690,839 shares of the company’s stock valued at $2,305,103,000 after acquiring an additional 10,546,138 shares during the last quarter. LPL Financial LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 13.5% during the second quarter. LPL Financial LLC now owns 10,382,964 shares of the company’s stock valued at $524,028,000 after purchasing an additional 1,235,482 shares during the period. HB Wealth Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.8% in the first quarter. HB Wealth Management LLC now owns 8,076,454 shares of the company’s stock worth $405,234,000 after purchasing an additional 443,033 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in JPMorgan Ultra-Short Income ETF by 37.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock worth $243,837,000 after buying an additional 1,317,710 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,615,274 shares of the company’s stock valued at $182,463,000 after buying an additional 14,611 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.74 on Tuesday. The company’s 50-day simple moving average is $50.58 and its two-hundred day simple moving average is $50.44. JPMorgan Ultra-Short Income ETF has a one year low of $49.96 and a one year high of $50.75.

JPMorgan Ultra-Short Income ETF Company 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.