JPMorgan Ultra-Short Income ETF $JPST Stock Sold by Sterling Investment Counsel LLC

Sterling Investment Counsel LLC cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 95.3% during the third quarter, HoldingsChannel reports. The fund 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.

Other institutional investors and hedge funds have also made changes to their positions in the company. HB Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 5.4% in the 2nd quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock worth $506,509,000 after acquiring an additional 514,497 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 11.1% during the 1st quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock worth $271,917,000 after purchasing an additional 534,875 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in JPMorgan Ultra-Short Income ETF by 7.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock valued at $184,468,000 after purchasing an additional 245,314 shares in the last quarter. Cetera Investment Advisers boosted its position in JPMorgan Ultra-Short Income ETF by 10.2% during the first quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock valued at $170,925,000 after purchasing an additional 312,033 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp boosted its position in JPMorgan Ultra-Short Income ETF by 215.9% during the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after purchasing an additional 1,921,600 shares in the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPST remained flat at $50.34 on Monday. The company’s stock had a trading volume of 8,291,989 shares, compared to its average volume of 6,854,753. The company has a 50-day simple moving average of $50.39 and a two-hundred day simple moving average 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 stock has a market cap of $42.52 billion, a PE ratio of 109.43 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.