JPMorgan Ultra-Short Income ETF $JPST Shares Purchased by Iron Horse Wealth Management LLC

Iron Horse Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 690,854 shares of the company’s stock after buying an additional 36,892 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 10.3% of Iron Horse Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Iron Horse Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $35,012,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Chelsea Counsel Co. acquired a new position in JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $25,000. Pandora Wealth Inc. acquired a new position in JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $34,000. Cooksen Wealth LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the first quarter valued at approximately $36,000. TD Private Client Wealth LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $48,000. Finally, Sound Income Strategies LLC boosted its position in JPMorgan Ultra-Short Income ETF by 54.9% during the second quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock valued at $59,000 after purchasing an additional 412 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of NYSEARCA JPST opened at $50.61 on Friday. The company has a market capitalization of $34.00 billion, a P/E ratio of 110.02 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.76. The stock has a 50 day moving average of $50.65 and a 200-day moving average of $50.57.

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.