ACT Advisors LLC. Decreases Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

ACT Advisors LLC. cut its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 94.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,191 shares of the company’s stock after selling 604,897 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 0.9% of ACT Advisors LLC.’s holdings, making the stock its 15th largest position. ACT Advisors LLC.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,836,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nepsis Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 3.9% in the 3rd quarter. Nepsis Inc. now owns 39,044 shares of the company’s stock worth $1,981,000 after buying an additional 1,452 shares during the period. Essex LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 33.5% during the 3rd quarter. Essex LLC now owns 218,780 shares of the company’s stock valued at $11,101,000 after buying an additional 54,906 shares in the last quarter. Stephens Consulting LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth about $231,000. Resonant Capital Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 2.2% in the third quarter. Resonant Capital Advisors LLC now owns 202,775 shares of the company’s stock valued at $10,289,000 after acquiring an additional 4,352 shares during the period. Finally, McBroom & Associates LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $257,000.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.58 on Monday. The stock has a fifty day moving average of $50.59 and a 200 day moving average of $50.46. JPMorgan Ultra-Short Income ETF has a 52-week low of $49.97 and a 52-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.