Paladin Advisory Group LLC Decreases Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Paladin Advisory Group LLC trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 85,967 shares of the company’s stock after selling 1,730 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 3.6% of Paladin Advisory Group LLC’s investment portfolio, making the stock its 4th biggest position. Paladin Advisory Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,318,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at $25,000. BluePath Capital Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $26,000. Coppell Advisory Solutions Corp. acquired a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $32,000. Mendota Financial Group LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth approximately $34,000. Finally, Sunbelt Securities Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $38,000.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock remained flat at $50.35 during trading hours on Friday. 2,937,330 shares of the stock traded hands, compared to its average volume of 3,810,098. The company’s fifty day simple moving average is $50.34 and its 200 day simple moving average is $50.27. JPMorgan Ultra-Short Income ETF has a one year low of $49.93 and a one year 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.