Townsquare Capital LLC Has $1.45 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Townsquare Capital LLC lessened its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 37.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,493 shares of the company’s stock after selling 17,048 shares during the quarter. Townsquare Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,445,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rossmore Private Capital bought a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at about $25,000. Brentview Investment Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $35,000. Silicon Valley Capital Partners bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $37,000. American National Bank & Trust purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $38,000. Finally, Frazier Financial Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth $41,000. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.75 on Friday. The stock’s 50-day simple moving average is $50.67 and its two-hundred day simple moving average is $50.66. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.78. The company has a market capitalization of $36.41 billion, a price-to-earnings ratio of 110.33 and a beta of 0.01.

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.