Townsquare Capital LLC Sells 17,048 Shares of JPMorgan Ultra-Short Income ETF $JPST

Townsquare Capital LLC decreased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 37.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,493 shares of the company’s stock after selling 17,048 shares during the quarter. Townsquare Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,445,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Archer Investment Corp lifted its position in JPMorgan Ultra-Short Income ETF by 11.2% during the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after buying an additional 200 shares in the last quarter. Kathleen S. Wright Associates Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 2.3% during the 2nd quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock worth $497,000 after purchasing an additional 220 shares in the last quarter. Sax Wealth Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the 3rd quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock valued at $421,000 after buying an additional 220 shares during the last quarter. Daner Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 1.1% in the third quarter. Daner Wealth Management LLC now owns 21,885 shares of the company’s stock valued at $1,110,000 after buying an additional 236 shares in the last quarter. Finally, Keel Point LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 1.4% during the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after buying an additional 239 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.75 on Friday. The company has a fifty day moving average price of $50.67 and a two-hundred day moving average price of $50.66. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.78. The stock has a market cap of $36.41 billion, a P/E ratio of 110.33 and a beta of 0.01.

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.