JPMorgan Ultra-Short Income ETF $JPST Stock: Sterling Investment Counsel LLC Decreases Stake

Sterling Investment Counsel LLC cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 95.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,399 shares of the company’s stock after selling 251,673 shares during the quarter. Sterling Investment Counsel LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $625,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JPST. Adventist Health System Sunbelt Healthcare Corp grew its holdings in JPMorgan Ultra-Short Income ETF by 215.9% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after acquiring an additional 1,921,600 shares in the last quarter. Fluent Financial LLC increased its position in JPMorgan Ultra-Short Income ETF by 454.3% during the 3rd quarter. Fluent Financial LLC now owns 1,217,803 shares of the company’s stock valued at $61,341,000 after purchasing an additional 998,097 shares during the period. Kensington Asset Management LLC increased its position in JPMorgan Ultra-Short Income ETF by 71.7% during the 1st quarter. Kensington Asset Management LLC now owns 1,994,639 shares of the company’s stock valued at $100,949,000 after purchasing an additional 832,640 shares during the period. Intrua Financial LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 721.3% in the 1st quarter. Intrua Financial LLC now owns 808,670 shares of the company’s stock valued at $40,927,000 after purchasing an additional 710,213 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 50.0% in the 2nd quarter. HighTower Advisors LLC now owns 1,988,463 shares of the company’s stock valued at $100,557,000 after purchasing an additional 662,886 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST remained flat at $50.34 during mid-day trading on Monday. 8,291,989 shares of the stock traded hands, compared to its average volume of 6,854,753. The company has a 50-day moving average price of $50.39 and a 200-day moving average price of $50.46. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week high of $50.79. The company has a market cap of $42.52 billion, a price-to-earnings ratio of 109.43 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.