Baird Financial Group Inc. Sells 17,138 Shares of JPMorgan Ultra-Short Income ETF $JPST

Baird Financial Group Inc. trimmed its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,632 shares of the company’s stock after selling 17,138 shares during the quarter. Baird Financial Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $18,743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. XY Planning Network Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 40.5% in the 2nd quarter. XY Planning Network Inc. now owns 24,019 shares of the company’s stock valued at $1,215,000 after purchasing an additional 6,928 shares during the last quarter. BayBridge Capital Group LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 34.5% during the 2nd quarter. BayBridge Capital Group LLC now owns 119,796 shares of the company’s stock worth $6,058,000 after acquiring an additional 30,751 shares during the period. Waverly Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 34.4% in the second quarter. Waverly Advisors LLC now owns 2,360,792 shares of the company’s stock worth $119,385,000 after purchasing an additional 603,601 shares during the period. MLG Wealth Management DBA Pine Grove Financial Group bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $307,000. Finally, HORAN Wealth LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 24.1% during the second quarter. HORAN Wealth LLC now owns 13,192 shares of the company’s stock worth $667,000 after purchasing an additional 2,564 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPST opened at $50.36 on Friday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.35 and a 1-year high of $50.79. The company has a market cap of $40.27 billion, a price-to-earnings ratio of 109.48 and a beta of 0.01. The company’s fifty day moving average price is $50.47 and its two-hundred day moving average price is $50.51.

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.