JPMorgan Ultra-Short Income ETF $JPST Stock: MGO One Seven LLC Reduces Stake

by · The Markets Daily

MGO One Seven LLC lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 531,436 shares of the company’s stock after selling 20,133 shares during the quarter. MGO One Seven LLC owned approximately 0.06% of JPMorgan Ultra-Short Income ETF worth $26,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of JPST. HB Wealth Management LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 5.4% during the second quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock worth $506,509,000 after acquiring an additional 514,497 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 11.1% in the 1st quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock valued at $271,917,000 after purchasing an additional 534,875 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock valued at $184,468,000 after purchasing an additional 245,314 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.2% during the 1st quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock valued at $170,925,000 after purchasing an additional 312,033 shares during the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 215.9% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after purchasing an additional 1,921,600 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.43 on Friday. The firm has a market cap of $42.55 billion, a P/E ratio of 109.63 and a beta of 0.01. The firm’s fifty day moving average is $50.37 and its 200 day moving average is $50.50. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.20 and a 52 week high of $50.79.

JPMorgan Ultra-Short Income ETF Profile

(Free Report)

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.

Further Reading