23,570 JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC decreased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 30.5% during the 3rd quarter, Holdings Channel reports. The firm owned 53,733 shares of the company’s stock after selling 23,570 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 2.2% of Gallacher Capital Management LLC’s investment portfolio, making the stock its 6th largest position. Gallacher Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,707,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Adventist Health System Sunbelt Healthcare Corp raised its position in shares of JPMorgan Ultra-Short Income ETF by 215.9% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after purchasing an additional 1,921,600 shares during the last quarter. Fluent Financial LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 454.3% in the 3rd quarter. Fluent Financial LLC now owns 1,217,803 shares of the company’s stock valued at $61,341,000 after buying an additional 998,097 shares in the last quarter. Kensington Asset Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 71.7% in the 1st quarter. Kensington Asset Management LLC now owns 1,994,639 shares of the company’s stock valued at $100,949,000 after buying an additional 832,640 shares in the last quarter. HighTower Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 50.0% in the 2nd quarter. HighTower Advisors LLC now owns 1,988,463 shares of the company’s stock worth $100,557,000 after buying an additional 662,886 shares during the last quarter. Finally, Ridgepath Capital Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 214.7% in the 1st quarter. Ridgepath Capital Management LLC now owns 938,877 shares of the company’s stock worth $47,517,000 after buying an additional 640,542 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

NYSEARCA:JPST opened at $50.25 on Wednesday. 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 50 day moving average of $50.36 and a two-hundred day moving average of $50.50. The firm has a market cap of $42.40 billion, a P/E ratio of 109.24 and a beta of 0.01.

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.