Brown Advisory Inc. Trims Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Brown Advisory Inc. lowered its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 35.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,682 shares of the company’s stock after selling 3,185 shares during the period. Brown Advisory Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $288,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Howe & Rusling Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $26,000. Logan Capital Management Inc. bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $27,000. Cyrus J. Lawrence LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $31,000. Cooksen Wealth LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at approximately $36,000. Finally, Flagship Wealth Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $47,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.55 on Wednesday. The business has a 50 day simple moving average of $50.53 and a two-hundred day simple moving average of $50.51. The firm has a market capitalization of $32.09 billion, a price-to-earnings ratio of 109.89 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year 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.