Apollon Wealth Management LLC Sells 3,980 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Apollon Wealth Management LLC cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 38,794 shares of the company’s stock after selling 3,980 shares during the period. Apollon Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,968,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Transform Wealth LLC grew its stake in JPMorgan Ultra-Short Income ETF by 1.9% in the 2nd quarter. Transform Wealth LLC now owns 10,917 shares of the company’s stock valued at $551,000 after purchasing an additional 200 shares during the period. InTrack Investment Management Inc grew its position in JPMorgan Ultra-Short Income ETF by 2.4% during the second quarter. InTrack Investment Management Inc now owns 8,992 shares of the company’s stock valued at $454,000 after buying an additional 209 shares during the period. Etesian Wealth Advisors Inc. grew its position in JPMorgan Ultra-Short Income ETF by 3.4% during the second quarter. Etesian Wealth Advisors Inc. now owns 6,387 shares of the company’s stock valued at $322,000 after buying an additional 213 shares during the period. Hayek Kallen Investment Management increased its holdings in JPMorgan Ultra-Short Income ETF by 0.3% during the third quarter. Hayek Kallen Investment Management now owns 76,493 shares of the company’s stock worth $3,881,000 after buying an additional 219 shares during the last quarter. Finally, Aspen Wealth Strategies LLC raised its position in JPMorgan Ultra-Short Income ETF by 1.0% in the third quarter. Aspen Wealth Strategies LLC now owns 27,036 shares of the company’s stock worth $1,372,000 after acquiring an additional 261 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.46 on Thursday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.13 and a 12-month high of $50.75. The company has a 50 day moving average of $50.56 and a 200-day moving average of $50.48.

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.