Avestar Capital LLC Sells 33,036 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Avestar Capital LLC trimmed its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.5% during the 4th quarter, Holdings Channel reports. The fund owned 253,662 shares of the company’s stock after selling 33,036 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 1.1% of Avestar Capital LLC’s portfolio, making the stock its 16th largest position. Avestar Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,832,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 73,544,853 shares of the company’s stock valued at $3,731,666,000 after buying an additional 15,245,816 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,600,636 shares of the company’s stock valued at $690,096,000 after buying an additional 91,729 shares during the last quarter. LPL Financial LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 7.6% during the third quarter. LPL Financial LLC now owns 11,172,018 shares of the company’s stock valued at $566,868,000 after buying an additional 789,054 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 11.2% during the fourth quarter. HB Wealth Management LLC now owns 8,316,836 shares of the company’s stock valued at $416,590,000 after buying an additional 838,189 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 1.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,858,342 shares of the company’s stock valued at $297,252,000 after buying an additional 103,192 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.43 on Thursday. The firm has a 50-day simple moving average of $50.48 and a two-hundred day simple moving average of $50.52. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one 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.