Gradient Capital Advisors LLC Cuts Holdings in JPMorgan Ultra-Short Income ETF $JPST

Gradient Capital Advisors LLC trimmed its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 largest holding. Gradient Capital Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,632,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in JPST. Rossmore Private Capital purchased a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $25,000. Cardiff Park Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $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 shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $30,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth $38,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.53 on Friday. The company has a market cap of $37.56 billion, a P/E ratio of 109.85 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.42 and a 1 year high of $50.79. The stock’s fifty day moving average price is $50.53 and its 200-day moving average price is $50.62.

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.