InTrack Investment Management Inc Lowers Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

InTrack Investment Management Inc reduced its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,783 shares of the company’s stock after selling 1,083 shares during the period. InTrack Investment Management Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $443,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 126.7% during the 3rd quarter. Axxcess Wealth Management LLC now owns 610,574 shares of the company’s stock worth $30,639,000 after purchasing an additional 341,282 shares during the period. Ellerson Group Inc. ADV acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth about $138,000. LaSalle St. Investment Advisors LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 30.3% in the third quarter. LaSalle St. Investment Advisors LLC now owns 18,612 shares of the company’s stock valued at $933,000 after buying an additional 4,326 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 39.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,993,049 shares of the company’s stock valued at $902,891,000 after acquiring an additional 5,127,429 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 2.5% during the 3rd quarter. Sei Investments Co. now owns 1,239,914 shares of the company’s stock worth $62,218,000 after acquiring an additional 30,188 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST traded up $0.03 during mid-day trading on Tuesday, hitting $50.28. The stock had a trading volume of 5,371,540 shares, compared to its average volume of 3,811,849. The company has a 50 day simple moving average of $50.37 and a 200 day simple moving average of $50.35. JPMorgan Ultra-Short Income ETF has a 52-week low of $49.93 and a 52-week high of $50.51.

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.