IronBridge Private Wealth LLC Has $14.50 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

IronBridge Private Wealth LLC boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.5% during the third quarter, Holdings Channel.com reports. The firm owned 285,794 shares of the company’s stock after buying an additional 17,447 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 4.6% of IronBridge Private Wealth LLC’s portfolio, making the stock its 4th largest position. IronBridge Private Wealth LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after acquiring an additional 2,162,615 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock valued at $562,208,000 after purchasing an additional 94,082 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 4.7% in the third quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock worth $469,487,000 after acquiring an additional 413,847 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 3.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,086,795 shares of the company’s stock worth $358,734,000 after buying an additional 232,920 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in JPMorgan Ultra-Short Income ETF by 5.6% during the second quarter. Cerity Partners LLC now owns 5,231,134 shares of the company’s stock valued at $265,114,000 after purchasing an additional 279,573 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.70 on Friday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.78. The stock’s 50-day simple moving average is $50.67 and its 200-day simple moving average is $50.65. The company has a market capitalization of $36.14 billion, a price-to-earnings ratio of 110.22 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.