Iron Horse Wealth Management LLC Has $35.01 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Iron Horse Wealth Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 690,854 shares of the company’s stock after acquiring an additional 36,892 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 10.3% of Iron Horse Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Iron Horse Wealth Management LLC owned about 0.11% of JPMorgan Ultra-Short Income ETF worth $35,012,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of JPST. Temasek Holdings Private Ltd acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $842,655,000. JPMorgan Chase & Co. raised its position in JPMorgan Ultra-Short Income ETF by 2.7% in the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock valued at $5,068,793,000 after buying an additional 2,598,084 shares during the last quarter. LPL Financial LLC raised its position in JPMorgan Ultra-Short Income ETF by 19.4% in the 1st quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after buying an additional 2,464,430 shares during the last quarter. Exchange Traded Concepts LLC raised its position in JPMorgan Ultra-Short Income ETF by 1,058.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,740,737 shares of the company’s stock valued at $88,134,000 after buying an additional 1,590,431 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in JPMorgan Ultra-Short Income ETF by 22.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after buying an additional 1,265,522 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.61 on Friday. The business’s 50 day simple moving average is $50.65 and its 200 day simple moving average is $50.57. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.76. The firm has a market cap of $34.00 billion, a PE ratio of 110.02 and a beta of 0.03.

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.