Northwest Capital Management Inc Cuts Stock Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Northwest Capital Management Inc reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,532 shares of the company’s stock after selling 1,513 shares during the quarter. Northwest Capital Management Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in JPST. New Wave Wealth Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $25,000. Eastern Bank increased its stake in shares of JPMorgan Ultra-Short Income ETF by 95.1% in the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares in the last quarter. Kennebec Savings Bank acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $27,000. Maryland Capital Advisors Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $31,000. Finally, Bogart Wealth LLC boosted its position in JPMorgan Ultra-Short Income ETF by 7,744.4% during the fourth quarter. Bogart Wealth LLC now owns 706 shares of the company’s stock worth $36,000 after purchasing an additional 697 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.56 on Monday. The business has a 50 day simple moving average of $50.48 and a 200-day simple moving average of $50.52. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month 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.