Sheets Smith Wealth Management Lowers Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Sheets Smith Wealth Management decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,649 shares of the company’s stock after selling 235 shares during the period. Sheets Smith Wealth Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,444,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in JPST. Walker Asset Management LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 3.0% in the 4th quarter. Walker Asset Management LLC now owns 7,015 shares of the company’s stock valued at $352,000 after purchasing an additional 203 shares during the last quarter. Rollins Financial lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 3.8% in the 3rd quarter. Rollins Financial now owns 5,598 shares of the company’s stock valued at $281,000 after purchasing an additional 205 shares during the last quarter. Inscription Capital LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 4.0% in the 4th quarter. Inscription Capital LLC now owns 5,608 shares of the company’s stock valued at $282,000 after purchasing an additional 214 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 3,158 shares of the company’s stock worth $159,000 after buying an additional 250 shares during the period. Finally, Baystate Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.2% in the third quarter. Baystate Wealth Management LLC now owns 7,209 shares of the company’s stock worth $362,000 after buying an additional 289 shares during the period.

JPMorgan Ultra-Short Income ETF Trading Up 0.1 %

Shares of NYSEARCA JPST traded up $0.03 during midday trading on Friday, hitting $50.28. The company’s stock had a trading volume of 3,578,758 shares, compared to its average volume of 3,902,906. The business’s 50 day moving average is $50.34 and its two-hundred day moving average is $50.30. JPMorgan Ultra-Short Income ETF has a 12-month low of $49.93 and a 12-month high of $50.51.

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.