Avestar Capital LLC Lowers Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Avestar Capital LLC lowered its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 33.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 286,698 shares of the company’s stock after selling 147,305 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 1.5% of Avestar Capital LLC’s holdings, making the stock its 13th largest holding. Avestar Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. D.A. Davidson & CO. boosted its position in JPMorgan Ultra-Short Income ETF by 108.4% during the 3rd quarter. D.A. Davidson & CO. now owns 189,085 shares of the company’s stock valued at $9,594,000 after acquiring an additional 98,352 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 82.3% during the 3rd quarter. Bank of Montreal Can now owns 205,551 shares of the company’s stock worth $10,430,000 after purchasing an additional 92,775 shares during the last quarter. Private Trust Co. NA boosted its position in JPMorgan Ultra-Short Income ETF by 1.4% during the third quarter. Private Trust Co. NA now owns 21,106 shares of the company’s stock valued at $1,071,000 after purchasing an additional 294 shares in the last quarter. Gentry Private Wealth LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at about $319,000. Finally, Kingsview Wealth Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 199.6% in the third quarter. Kingsview Wealth Management LLC now owns 90,538 shares of the company’s stock valued at $4,594,000 after purchasing an additional 60,316 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.54 on Tuesday. JPMorgan Ultra-Short Income ETF has a one year low of $50.13 and a one year high of $50.75. The firm has a 50-day simple moving average of $50.55 and a two-hundred day simple moving average of $50.49.

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.