Gallacher Capital Management LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 30.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,733 shares of the company’s stock after selling 23,570 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 2.2% of Gallacher Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Gallacher Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,707,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Gerber Kawasaki Wealth & Investment Management raised its holdings in JPMorgan Ultra-Short Income ETF by 15.5% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 742,812 shares of the company’s stock worth $37,415,000 after purchasing an additional 99,748 shares during the period. Next Level Wealth Planning LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $110,000. Frederick Financial Consultants LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $607,000. MBA Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 4.4% during the third quarter. MBA Advisors LLC now owns 102,796 shares of the company’s stock worth $5,178,000 after purchasing an additional 4,354 shares in the last quarter. Finally, Certified Advisory Corp grew its holdings in JPMorgan Ultra-Short Income ETF by 14.9% in the third quarter. Certified Advisory Corp now owns 124,320 shares of the company’s stock valued at $6,262,000 after purchasing an additional 16,079 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Ultra-Short Income ETF Trading Down 0.0%
Shares of JPST opened at $50.25 on Wednesday. The firm has a market cap of $42.40 billion, a P/E ratio of 109.24 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.79. The stock’s 50 day moving average is $50.36 and its two-hundred day moving average is $50.50.
JPMorgan Ultra-Short Income ETF 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.
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