Gemmer Asset Management LLC Sells 1,049 Shares of JPMorgan Ultra-Short Income ETF $JPST

Gemmer Asset Management LLC lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Centurion Wealth Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 2.0% in the 2nd quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock worth $515,000 after acquiring an additional 200 shares during the period. CWC Advisors LLC. boosted its holdings in JPMorgan Ultra-Short Income ETF by 5.1% during the second quarter. CWC Advisors LLC. now owns 5,468 shares of the company’s stock valued at $277,000 after purchasing an additional 263 shares in the last quarter. Lighthouse Wealth Management Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 2.4% during the first quarter. Lighthouse Wealth Management Inc. now owns 11,833 shares of the company’s stock valued at $599,000 after purchasing an additional 273 shares in the last quarter. GEM Asset Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 4.0% during the second quarter. GEM Asset Management LLC now owns 8,049 shares of the company’s stock valued at $406,000 after purchasing an additional 311 shares in the last quarter. Finally, Investment Planning Advisors Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 4.0% during the first quarter. Investment Planning Advisors Inc. now owns 8,356 shares of the company’s stock valued at $423,000 after purchasing an additional 321 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

NYSEARCA JPST opened at $50.61 on Friday. The stock’s 50 day moving average is $50.65 and its two-hundred day moving average is $50.57. The company has a market capitalization of $34.00 billion, a price-to-earnings ratio of 110.02 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.76.

JPMorgan Ultra-Short Income ETF Company 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.