Birch Capital Management LLC Sells 16,756 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Birch Capital Management LLC lowered its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 44.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,770 shares of the company’s stock after selling 16,756 shares during the quarter. Birch Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Whittier Trust Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 29.5% in the 3rd quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock valued at $66,000 after acquiring an additional 295 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 9.5% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 100,508 shares of the company’s stock worth $5,100,000 after purchasing an additional 8,704 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in JPMorgan Ultra-Short Income ETF by 100.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 10,809 shares of the company’s stock valued at $548,000 after buying an additional 5,428 shares during the period. Zega Financial LLC lifted its position in JPMorgan Ultra-Short Income ETF by 30.4% in the third quarter. Zega Financial LLC now owns 30,205 shares of the company’s stock worth $1,533,000 after buying an additional 7,047 shares during the last quarter. Finally, Private Client Services LLC bought a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at $280,000.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock remained flat at $50.42 during trading hours on Tuesday. 2,644,250 shares of the company were exchanged, compared to its average volume of 6,225,251. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week high of $50.75. The stock’s 50-day moving average is $50.48 and its 200-day moving average is $50.51.

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.