Cannon Wealth Management Services LLC Sells 5,155 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Cannon Wealth Management Services LLC cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 35.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,550 shares of the company’s stock after selling 5,155 shares during the period. Cannon Wealth Management Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Cherry Tree Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 11.5% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 20,492 shares of the company’s stock worth $1,032,000 after acquiring an additional 2,109 shares in the last quarter. BCGM Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 13.1% in the 4th quarter. BCGM Wealth Management LLC now owns 10,552 shares of the company’s stock worth $532,000 after acquiring an additional 1,226 shares in the last quarter. World Equity Group Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF by 161.0% in the 4th quarter. World Equity Group Inc. now owns 19,864 shares of the company’s stock worth $1,001,000 after acquiring an additional 12,253 shares in the last quarter. Delta Financial Group Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF by 265.1% in the 4th quarter. Delta Financial Group Inc. now owns 88,683 shares of the company’s stock worth $4,467,000 after acquiring an additional 64,393 shares in the last quarter. Finally, Wealthgarden F.S. LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 104.1% in the 4th quarter. Wealthgarden F.S. LLC now owns 38,592 shares of the company’s stock worth $1,944,000 after acquiring an additional 19,687 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.56 on Monday. The stock has a 50-day moving average price of $50.48 and a 200-day moving average price of $50.52. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.20 and a 1-year high of $50.75.

JPMorgan Ultra-Short Income ETF Company 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.