Great Valley Advisor Group Inc. Trims Stake in JPMorgan Ultra-Short Income ETF $JPST

Great Valley Advisor Group Inc. trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 57.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 553,255 shares of the company’s stock after selling 752,353 shares during the quarter. Great Valley Advisor Group Inc. owned 0.09% of JPMorgan Ultra-Short Income ETF worth $28,039,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPST. Centurion Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.0% in the second quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock valued at $515,000 after acquiring an additional 200 shares in the last quarter. Kathleen S. Wright Associates Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 2.3% during the 2nd quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock worth $497,000 after acquiring an additional 220 shares in the last quarter. CWC Advisors LLC. increased its position in JPMorgan Ultra-Short Income ETF by 5.1% during the 2nd quarter. CWC Advisors LLC. now owns 5,468 shares of the company’s stock valued at $277,000 after purchasing an additional 263 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,965 shares of the company’s stock valued at $201,000 after purchasing an additional 265 shares in the last quarter. Finally, Muirfield Wealth Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.1% in the 2nd quarter. Muirfield Wealth Advisors LLC now owns 4,326 shares of the company’s stock valued at $219,000 after purchasing an additional 286 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.64 on Friday. The firm’s 50 day moving average price is $50.67 and its 200-day moving average price is $50.63. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78. The company has a market cap of $34.20 billion, a PE ratio of 110.09 and a beta of 0.01.

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.