Ironwood Investment Counsel LLC Increases Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Ironwood Investment Counsel LLC grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 61.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,282 shares of the company’s stock after purchasing an additional 84,682 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 1.6% of Ironwood Investment Counsel LLC’s portfolio, making the stock its 12th biggest holding. Ironwood Investment Counsel LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $11,250,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JPST. Decker Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $739,000. Greenwood Gearhart LLC raised its position in JPMorgan Ultra-Short Income ETF by 9.6% during the 1st quarter. Greenwood Gearhart LLC now owns 1,739,531 shares of the company’s stock worth $88,038,000 after buying an additional 151,747 shares during the last quarter. Koss Olinger Consulting LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter worth $404,000. Paces Ferry Wealth Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 7.5% in the 1st quarter. Paces Ferry Wealth Advisors LLC now owns 260,513 shares of the company’s stock worth $13,185,000 after acquiring an additional 18,117 shares during the period. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth $249,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.50 on Monday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.79. The firm’s 50-day simple moving average is $50.49 and its 200-day simple moving average is $50.57. The company has a market cap of $40.02 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Company 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.