Birch Capital Management LLC Sells 593 Shares of JPMorgan Ultra-Short Income ETF $JPST

Birch Capital Management LLC trimmed its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.9% in the 2nd quarter, Holdings Channel reports. The firm owned 19,774 shares of the company’s stock after selling 593 shares during the quarter. Birch Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,002,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in JPST. Centurion Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 2.0% in the second quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock valued at $515,000 after buying an additional 200 shares during the last quarter. CWC Advisors LLC. boosted its position in JPMorgan Ultra-Short Income ETF by 5.1% in the second quarter. CWC Advisors LLC. now owns 5,468 shares of the company’s stock valued at $277,000 after buying an additional 263 shares during the last quarter. Lighthouse Wealth Management Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 2.4% in the first quarter. Lighthouse Wealth Management Inc. now owns 11,833 shares of the company’s stock valued at $599,000 after acquiring an additional 273 shares during the period. GEM Asset Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 4.0% in the second quarter. GEM Asset Management LLC now owns 8,049 shares of the company’s stock valued at $406,000 after acquiring an additional 311 shares during the period. Finally, Investment Planning Advisors Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 4.0% in the first quarter. Investment Planning Advisors Inc. now owns 8,356 shares of the company’s stock valued at $423,000 after acquiring an additional 321 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

Shares of NYSEARCA:JPST opened at $50.61 on Friday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.76. The company has a market capitalization of $34.13 billion, a PE ratio of 110.02 and a beta of 0.03. The business has a 50 day moving average of $50.65 and a two-hundred 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.