Iron Horse Wealth Management LLC Trims Stock Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Iron Horse Wealth Management LLC lessened its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 39.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,509 shares of the company’s stock after selling 2,313 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in JPST. JPMorgan Chase & Co. raised its position in shares of JPMorgan Ultra-Short Income ETF by 39.9% in the third quarter. JPMorgan Chase & Co. now owns 17,993,049 shares of the company’s stock valued at $902,891,000 after buying an additional 5,127,429 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 29.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,457,071 shares of the company’s stock worth $675,949,000 after purchasing an additional 3,081,352 shares during the period. HB Wealth Management LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 8.4% during the 4th quarter. HB Wealth Management LLC now owns 7,633,421 shares of the company’s stock worth $381,244,000 after purchasing an additional 593,425 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 37.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock worth $243,837,000 after purchasing an additional 1,317,710 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of JPMorgan Ultra-Short Income ETF by 5.2% in the third quarter. Royal Bank of Canada now owns 3,877,960 shares of the company’s stock valued at $194,596,000 after purchasing an additional 190,121 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST traded up $0.01 during trading hours on Friday, hitting $50.47. 3,496,206 shares of the company’s stock were exchanged, compared to its average volume of 3,792,715. The business’s 50 day moving average is $50.38 and its 200-day moving average is $50.35. JPMorgan Ultra-Short Income ETF has a 12-month low of $49.93 and a 12-month high of $50.51.

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.