Gradient Capital Advisors LLC Reduces Stake in JPMorgan Ultra-Short Income ETF $JPST

Gradient Capital Advisors LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,329 shares of the company’s stock after selling 14,952 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 1.5% of Gradient Capital Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Gradient Capital Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JPST. Rossmore Private Capital purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $25,000. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $25,000. Jackson Hole Capital Partners LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth $28,000. MGB Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at $30,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $38,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.53 on Friday. The company has a market capitalization of $37.56 billion, a PE ratio of 109.85 and a beta of 0.01. The business’s fifty day moving average is $50.53 and its 200 day moving average is $50.62. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.42 and a fifty-two week high of $50.79.

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.