Oxinas Partners Wealth Management LLC Sells 4,298 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Oxinas Partners Wealth Management LLC cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 25.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,494 shares of the company’s stock after selling 4,298 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Eastern Bank raised its stake in shares of JPMorgan Ultra-Short Income ETF by 95.1% in the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after purchasing an additional 250 shares during the last quarter. Kennebec Savings Bank acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $27,000. Hershey Financial Advisers LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth approximately $30,000. Sugar Maple Asset Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth approximately $50,000. Finally, Whittier Trust Co. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 29.5% in the third quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock worth $66,000 after acquiring an additional 295 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.50 on Wednesday. The stock’s fifty day moving average is $50.48 and its two-hundred day moving average is $50.52. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.75.

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.