Peapack Gladstone Financial Corp Sells 45,151 Shares of JPMorgan Ultra-Short Income ETF $JPST

Peapack Gladstone Financial Corp lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 533,742 shares of the company’s stock after selling 45,151 shares during the quarter. Peapack Gladstone Financial Corp owned about 0.07% of JPMorgan Ultra-Short Income ETF worth $27,002,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after acquiring an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in JPMorgan Ultra-Short Income ETF in the first quarter valued at $3,603,000. EverSource Wealth Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF by 99.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after acquiring an additional 496 shares during the last quarter. First Trust Advisors LP bought a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at $203,000. Finally, Brown Advisory Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after acquiring an additional 431 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.62 on Monday. The stock has a market cap of $37.62 billion, a PE ratio of 110.04 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.42 and a 52 week high of $50.79. The business’s fifty day simple moving average is $50.53 and its 200 day simple moving average is $50.62.

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.