Horan Capital Advisors LLC. Reduces Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Horan Capital Advisors LLC. decreased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.6% during the third quarter, HoldingsChannel reports. The firm owned 16,296 shares of the company’s stock after selling 437 shares during the quarter. Horan Capital Advisors LLC.’s holdings in JPMorgan Ultra-Short Income ETF were worth $827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JPST. Cetera Investment Advisers grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 927.2% during the first quarter. Cetera Investment Advisers now owns 1,790,596 shares of the company’s stock valued at $90,336,000 after buying an additional 1,616,273 shares during the last quarter. LPL Financial LLC lifted its position in JPMorgan Ultra-Short Income ETF by 13.5% during the second quarter. LPL Financial LLC now owns 10,382,964 shares of the company’s stock valued at $524,028,000 after purchasing an additional 1,235,482 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in JPMorgan Ultra-Short Income ETF by 22.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,755,150 shares of the company’s stock worth $292,016,000 after purchasing an additional 1,053,392 shares during the period. Spire Wealth Management raised its stake in JPMorgan Ultra-Short Income ETF by 207.5% during the 2nd quarter. Spire Wealth Management now owns 1,515,432 shares of the company’s stock valued at $76,484,000 after buying an additional 1,022,638 shares during the last quarter. Finally, ACT Advisors LLC. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at $32,356,000.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.50 on Tuesday. The stock’s 50-day simple moving average is $50.56 and its two-hundred day simple moving average is $50.48. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.13 and a 52-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.