Kendall Capital Management Reduces Stock Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Kendall Capital Management trimmed its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 154,729 shares of the company’s stock after selling 13,527 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 2.6% of Kendall Capital Management’s holdings, making the stock its 4th biggest holding. Kendall Capital Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,809,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth $25,000. LRI Investments LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $30,000. Triad Wealth Partners LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $32,000. Cooksen Wealth LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 282.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 734 shares of the company’s stock valued at $37,000 after acquiring an additional 542 shares during the period.

JPMorgan Ultra-Short Income ETF Trading Down 0.0 %

Shares of JPST stock opened at $50.63 on Thursday. The company has a 50 day moving average price of $50.54 and a 200-day moving average price of $50.42. JPMorgan Ultra-Short Income ETF has a 52 week low of $49.96 and a 52 week high of $50.68.

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.