Bryn Mawr Trust Advisors LLC Sells 16,214 Shares of JPMorgan Ultra-Short Income ETF $JPST

Bryn Mawr Trust Advisors LLC reduced its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.3% in the first quarter, Holdings Channel reports. The institutional investor owned 481,263 shares of the company’s stock after selling 16,214 shares during the period. JPMorgan Ultra-Short Income ETF makes up 1.2% of Bryn Mawr Trust Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Bryn Mawr Trust Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $24,357,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Millennium Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $3,603,000. EverSource Wealth Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after buying an additional 496 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $203,000. Finally, Brown Advisory Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 7.6% during the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after buying an additional 431 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

NYSEARCA JPST opened at $50.44 on Tuesday. The firm has a market capitalization of $39.78 billion, a P/E ratio of 109.65 and a beta of 0.01. The business has a fifty day simple moving average of $50.49 and a 200 day simple moving average of $50.57. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month 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.