Tradewinds Capital Management LLC Trims Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Tradewinds Capital Management LLC trimmed its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 95,240 shares of the company’s stock after selling 13,103 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 1.3% of Tradewinds Capital Management LLC’s portfolio, making the stock its 18th biggest position. Tradewinds Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,797,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $25,000. Eastern Bank grew its holdings in JPMorgan Ultra-Short Income ETF by 95.1% in the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after buying an additional 250 shares during the period. Kennebec Savings Bank acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $27,000. Maryland Capital Advisors Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $31,000. Finally, Bogart Wealth LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 7,744.4% in the fourth quarter. Bogart Wealth LLC now owns 706 shares of the company’s stock worth $36,000 after acquiring an additional 697 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.56 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.75. The firm has a 50 day moving average price of $50.48 and a 200 day moving average price of $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.