GSB Wealth Management LLC Sells 33,690 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

GSB Wealth Management LLC cut its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 38.0% during the first quarter, HoldingsChannel.com reports. The fund owned 54,904 shares of the company’s stock after selling 33,690 shares during the quarter. GSB Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of JPST. Principal Securities Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 13.9% during the fourth quarter. Principal Securities Inc. now owns 70,963 shares of the company’s stock valued at $3,574,000 after buying an additional 8,635 shares during the period. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $278,000. Americana Partners LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 2.9% during the 4th quarter. Americana Partners LLC now owns 31,327 shares of the company’s stock worth $1,578,000 after acquiring an additional 887 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 25.7% during the 4th quarter. Sanctuary Advisors LLC now owns 145,480 shares of the company’s stock worth $7,360,000 after acquiring an additional 29,754 shares in the last quarter. Finally, Truist Financial Corp increased its position in JPMorgan Ultra-Short Income ETF by 5.2% during the 4th quarter. Truist Financial Corp now owns 251,111 shares of the company’s stock valued at $12,648,000 after purchasing an additional 12,463 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.54 on Wednesday. The firm has a 50-day simple moving average of $50.50 and a 200-day simple moving average of $50.50. JPMorgan Ultra-Short Income ETF has a one year low of $50.25 and a one year high of $50.75.

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.