JPMorgan Ultra-Short Income ETF $JPST Stock Sold by GK Wealth Management LLC

GK Wealth Management LLC cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 27.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,693 shares of the company’s stock after selling 24,189 shares during the period. JPMorgan Ultra-Short Income ETF comprises 1.8% of GK Wealth Management LLC’s holdings, making the stock its 9th largest holding. GK Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,208,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in JPST. Strengthening Families & Communities LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth about $28,000. Motiv8 Investments LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $32,000. Beacon Financial Strategies CORP purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $34,000. Allied Private Wealth LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $38,000. Finally, Rice Partnership LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 327.5% in the 1st quarter. Rice Partnership LLC now owns 855 shares of the company’s stock valued at $43,000 after purchasing an additional 655 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST traded up $0.03 during trading on Friday, hitting $50.30. The company had a trading volume of 4,960,720 shares, compared to its average volume of 6,802,942. The stock has a market cap of $42.40 billion, a price-to-earnings ratio of 109.35 and a beta of 0.01. The company has a fifty day simple moving average of $50.40 and a two-hundred day simple moving average of $50.47. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.79.

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.