Concord Investment Counsel Inc. Makes New $5.60 Million Investment in JPMorgan Ultra-Short Income ETF $JPST

Concord Investment Counsel Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 110,745 shares of the company’s stock, valued at approximately $5,600,000. JPMorgan Ultra-Short Income ETF accounts for about 1.5% of Concord Investment Counsel Inc.’s portfolio, making the stock its 22nd biggest position.

Several other large investors have also made changes to their positions in the business. Nicholson Meyer Capital Management Inc. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% in the first quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after acquiring an additional 202 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 2.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after purchasing an additional 221 shares in the last quarter. Whipplewood Advisors LLC raised its stake in JPMorgan Ultra-Short Income ETF by 1.2% during the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after purchasing an additional 227 shares during the period. Vista Cima Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 0.7% during the 2nd quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock valued at $1,766,000 after purchasing an additional 239 shares during the period. Finally, Keel Point LLC raised its stake in JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after purchasing an additional 239 shares during the period. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

NYSEARCA JPST opened at $50.53 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79. The stock has a market cap of $40.40 billion, a PE ratio of 109.85 and a beta of 0.01. The stock’s 50 day moving average is $50.48 and its 200 day moving average is $50.53.

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.