Gray Wealth Management Inc. Sells 7,991 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Gray Wealth Management Inc. reduced its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 18.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,094 shares of the company’s stock after selling 7,991 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 0.9% of Gray Wealth Management Inc.’s holdings, making the stock its 26th biggest position. Gray Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JPST. Morgan Stanley boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 17.9% in the 4th quarter. Morgan Stanley now owns 56,269,718 shares of the company’s stock worth $2,820,801,000 after buying an additional 8,540,248 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 129.2% during the 1st quarter. JPMorgan Chase & Co. now owns 19,073,068 shares of the company’s stock worth $959,758,000 after purchasing an additional 10,751,662 shares during the period. HB Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.4% in the 4th quarter. HB Wealth Management LLC now owns 7,633,421 shares of the company’s stock worth $381,244,000 after buying an additional 593,425 shares during the last quarter. Jane Street Group LLC grew its position in JPMorgan Ultra-Short Income ETF by 218.6% during the first quarter. Jane Street Group LLC now owns 5,369,637 shares of the company’s stock valued at $270,200,000 after buying an additional 3,684,443 shares during the period. Finally, Royal Bank of Canada increased its holdings in JPMorgan Ultra-Short Income ETF by 5.2% during the third quarter. Royal Bank of Canada now owns 3,877,960 shares of the company’s stock worth $194,596,000 after buying an additional 190,121 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

JPST remained flat at $50.34 during midday trading on Thursday. 3,835,681 shares of the company’s stock were exchanged, compared to its average volume of 3,821,090. The business’s 50-day moving average price is $50.34 and its 200-day moving average price is $50.27. JPMorgan Ultra-Short Income ETF has a 52-week low of $49.93 and a 52-week high of $50.51.

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.