Financial Advocates Investment Management Sells 9,989 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Financial Advocates Investment Management lessened its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,856 shares of the company’s stock after selling 9,989 shares during the quarter. Financial Advocates Investment Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.2% in the fourth quarter. Bridgewater Advisors Inc. now owns 1,922,583 shares of the company’s stock valued at $96,956,000 after purchasing an additional 193,580 shares in the last quarter. Whittier Trust Co. raised its position in JPMorgan Ultra-Short Income ETF by 29.5% in the 3rd quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock valued at $66,000 after buying an additional 295 shares during the last quarter. Merit Financial Group LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $412,000. Jaffetilchin Investment Partners LLC boosted its position in JPMorgan Ultra-Short Income ETF by 9.5% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 100,508 shares of the company’s stock worth $5,100,000 after acquiring an additional 8,704 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of JPMorgan Ultra-Short Income ETF by 100.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 10,809 shares of the company’s stock worth $548,000 after acquiring an additional 5,428 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.44 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.75. The company’s fifty day simple moving average is $50.48 and its 200-day simple moving average is $50.52.

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.