JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Stake Cut by Procyon Advisors LLC

Procyon Advisors LLC reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 26.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,442 shares of the company’s stock after selling 23,732 shares during the period. Procyon Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,347,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JPST. Eastern Bank increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 95.1% in the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after acquiring an additional 250 shares during the period. Kennebec Savings Bank bought a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $27,000. Hershey Financial Advisers LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $30,000. Whittier Trust Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 29.5% during the third 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. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 238.4% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,692 shares of the company’s stock worth $86,000 after buying an additional 1,192 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.48 on Friday. The stock’s 50 day moving average price is $50.47 and its 200 day moving average price is $50.51. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.75.

JPMorgan Ultra-Short Income ETF Profile

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.