JPMorgan Ultra-Short Income ETF $JPST is Ironwood Wealth Management Inc.’s 2nd Largest Position

Ironwood Wealth Management Inc. raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 0.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 435,852 shares of the company’s stock after buying an additional 1,095 shares during the period. JPMorgan Ultra-Short Income ETF comprises 10.4% of Ironwood Wealth Management Inc.’s investment portfolio, making the stock its 2nd biggest position. Ironwood Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $22,006,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPST. Chelsea Counsel Co. purchased a new position in JPMorgan Ultra-Short Income ETF in the first quarter valued at $25,000. Pandora Wealth Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $34,000. Cooksen Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $36,000. TD Private Client Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $48,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $68,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.73 on Thursday. The stock has a market capitalization of $32.39 billion, a P/E ratio of 110.28 and a beta of 0.03. The firm has a 50-day simple moving average of $50.64 and a 200-day simple moving average of $50.56. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.75.

JPMorgan Ultra-Short Income ETF Company 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.