Sharper & Granite LLC Sells 5,619 Shares of JPMorgan Ultra-Short Income ETF $JPST

Sharper & Granite LLC trimmed its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,938 shares of the company’s stock after selling 5,619 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 2.1% of Sharper & Granite LLC’s portfolio, making the stock its 17th biggest holding. Sharper & Granite LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,601,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stone Summit Wealth LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 32.9% during the first quarter. Stone Summit Wealth LLC now owns 43,236 shares of the company’s stock valued at $2,189,000 after purchasing an additional 10,713 shares in the last quarter. Tiemann Investment Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 9.3% during the first quarter. Tiemann Investment Advisors LLC now owns 135,537 shares of the company’s stock valued at $6,862,000 after purchasing an additional 11,570 shares during the period. San Luis Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 36.1% during the second quarter. San Luis Wealth Advisors LLC now owns 674,498 shares of the company’s stock valued at $34,184,000 after purchasing an additional 179,002 shares during the period. Clear Point Advisors Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 3.1% during the second quarter. Clear Point Advisors Inc. now owns 64,613 shares of the company’s stock valued at $3,275,000 after purchasing an additional 1,920 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 624.0% during the first quarter. PNC Financial Services Group Inc. now owns 8,319 shares of the company’s stock valued at $421,000 after purchasing an additional 7,170 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.73 on Friday. The stock has a 50-day simple moving average of $50.68 and a two-hundred day simple moving average of $50.58. 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 capitalization of $34.21 billion, a PE ratio of 110.28 and a beta of 0.03.

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.