GPS Wealth Strategies Group LLC Trims Holdings in JPMorgan Ultra-Short Income ETF $JPST

GPS Wealth Strategies Group LLC lessened its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 52.0% during the fourth quarter, Holdings Channel reports. The firm owned 12,746 shares of the company’s stock after selling 13,802 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $645,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JPST. Rossmore Private Capital purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $25,000. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $28,000. MGB Wealth Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at approximately $30,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.53 on Friday. The stock’s 50 day simple moving average is $50.53 and its two-hundred day simple moving average is $50.62. The stock has a market cap of $37.56 billion, a price-to-earnings ratio of 109.85 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.42 and a fifty-two week 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.