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

Concord Investment Counsel Inc. acquired a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 110,745 shares of the company’s stock, valued at approximately $5,600,000. JPMorgan Ultra-Short Income ETF accounts for 1.5% of Concord Investment Counsel Inc.’s investment portfolio, making the stock its 22nd largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nicholson Meyer Capital Management Inc. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the 1st 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 last quarter. EverSource Wealth Advisors LLC lifted its position in 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 valued at $434,000 after purchasing an additional 221 shares in the last quarter. Whipplewood Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 1.2% during the first quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after purchasing an additional 227 shares in the last quarter. Vista Cima Wealth Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 0.7% during the second 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 grew its holdings in JPMorgan Ultra-Short Income ETF by 1.4% during the second 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. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of JPST opened at $50.53 on Friday. The business has a 50-day simple moving average of $50.48 and a two-hundred day simple moving average of $50.53. The stock has a market cap of $40.40 billion, a price-to-earnings ratio of 109.85 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.39 and a 52 week high of $50.79.

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.