Salem Investment Counselors Inc. Reduces Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Salem Investment Counselors Inc. reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,391 shares of the company’s stock after selling 3,291 shares during the quarter. Salem Investment Counselors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPST. Advocate Group LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $208,000. Simplicity Wealth LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 60.8% during the second quarter. Simplicity Wealth LLC now owns 10,103 shares of the company’s stock worth $510,000 after buying an additional 3,821 shares during the period. Richard P Slaughter Associates Inc boosted its position in JPMorgan Ultra-Short Income ETF by 19.5% during the 2nd quarter. Richard P Slaughter Associates Inc now owns 77,049 shares of the company’s stock valued at $3,889,000 after acquiring an additional 12,561 shares in the last quarter. Helen Stephens Group LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.5% in the 2nd quarter. Helen Stephens Group LLC now owns 226,257 shares of the company’s stock valued at $11,419,000 after acquiring an additional 17,685 shares during the period. Finally, Albion Financial Group UT lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 1.6% during the 2nd quarter. Albion Financial Group UT now owns 359,532 shares of the company’s stock worth $18,146,000 after purchasing an additional 5,828 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Stock Up 0.0 %

Shares of JPST stock opened at $50.46 on Friday. The stock’s 50-day moving average is $50.42 and its 200 day moving average is $50.38. JPMorgan Ultra-Short Income ETF has a 1-year low of $49.96 and a 1-year high of $50.64.

About JPMorgan Ultra-Short Income ETF

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.