Ironwood Investment Counsel LLC Sells 103,876 Shares of JPMorgan Ultra-Short Income ETF $JPST

Ironwood Investment Counsel LLC lowered its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 43.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 137,600 shares of the company’s stock after selling 103,876 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 1.0% of Ironwood Investment Counsel LLC’s portfolio, making the stock its 26th biggest position. Ironwood Investment Counsel LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,961,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPST. Millennium Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after purchasing an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $3,603,000. EverSource Wealth Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 99.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after purchasing an additional 496 shares during the last quarter. First Trust Advisors LP bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $203,000. Finally, Brown Advisory Inc. lifted its position in JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after purchasing an additional 431 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.50 on Monday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.42 and a fifty-two week high of $50.79. The stock has a 50 day moving average price of $50.53 and a two-hundred day moving average price of $50.62. The company has a market capitalization of $37.53 billion, a P/E ratio of 109.78 and a beta of 0.01.

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.