Intelligence Driven Advisers LLC Sells 1,205 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Intelligence Driven Advisers LLC decreased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,828 shares of the company’s stock after selling 1,205 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $955,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at about $25,000. Kennebec Savings Bank purchased a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $27,000. LRI Investments LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $30,000. Hershey Financial Advisers LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $30,000. Finally, Triad Wealth Partners LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $32,000.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock traded up $0.03 during mid-day trading on Thursday, hitting $50.49. The company had a trading volume of 3,108,344 shares, compared to its average volume of 4,065,730. The stock’s 50 day moving average price is $50.56 and its 200-day moving average price is $50.48. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.13 and a 52-week 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.