Essex Financial Services Inc. Sells 21,607 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Essex Financial Services Inc. trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,745 shares of the company’s stock after selling 21,607 shares during the quarter. Essex Financial Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,996,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Hayek Kallen Investment Management grew its holdings in JPMorgan Ultra-Short Income ETF by 0.3% during the 3rd quarter. Hayek Kallen Investment Management now owns 76,493 shares of the company’s stock valued at $3,881,000 after buying an additional 219 shares in the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.6% in the fourth quarter. Moloney Securities Asset Management LLC now owns 14,662 shares of the company’s stock valued at $739,000 after purchasing an additional 224 shares in the last quarter. Eastern Bank increased its position in 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. SteelPeak Wealth LLC raised its stake in JPMorgan Ultra-Short Income ETF by 4.2% during the fourth quarter. SteelPeak Wealth LLC now owns 6,394 shares of the company’s stock valued at $323,000 after purchasing an additional 260 shares in the last quarter. Finally, Aspen Wealth Strategies LLC lifted its position in JPMorgan Ultra-Short Income ETF by 1.0% during the third quarter. Aspen Wealth Strategies LLC now owns 27,036 shares of the company’s stock valued at $1,372,000 after purchasing an additional 261 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.45 on Tuesday. The company’s 50-day moving average price is $50.48 and its 200-day moving average price is $50.52. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month high of $50.75.

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.