JPMorgan Ultra-Short Income ETF $JPST Stake Decreased by GK Wealth Management LLC

GK Wealth Management LLC lessened its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 27.5% in the 3rd quarter, Holdings Channel.com reports. 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 investment portfolio, making the stock its 9th largest holding. GK Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,208,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Strengthening Families & Communities LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $28,000. Motiv8 Investments LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $32,000. Beacon Financial Strategies CORP bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth about $34,000. Allied Private Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $38,000. Finally, Rice Partnership LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 327.5% during the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock valued at $43,000 after buying an additional 655 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST traded up $0.03 during mid-day trading on Friday, reaching $50.30. 4,960,720 shares of the company’s stock traded hands, compared to its average volume of 6,802,942. The stock’s 50-day moving average is $50.40 and its two-hundred day moving average is $50.47. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.79. The stock has a market cap of $42.40 billion, a P/E ratio of 109.35 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.