Gemmer Asset Management LLC Has $304,000 Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Gemmer Asset Management LLC reduced its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,000 shares of the company’s stock after selling 1,049 shares during the quarter. Gemmer Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Chelsea Counsel Co. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $25,000. Pandora Wealth Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $34,000. Cooksen Wealth LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $36,000. TD Private Client Wealth LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $48,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 54.9% in the 2nd quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock worth $59,000 after acquiring an additional 412 shares in the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.61 on Friday. The company has a market capitalization of $34.00 billion, a P/E ratio of 110.02 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.76. The business’s 50 day simple moving average is $50.65 and its 200-day simple moving average is $50.57.

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.