JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 95.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,181 shares of the company’s stock after selling 221,652 shares during the period. Gamco Investors INC. ET AL’s holdings in JPMorgan Ultra-Short Income ETF were worth $565,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in JPMorgan Ultra-Short Income ETF in the first quarter valued at about $3,603,000. EverSource Wealth Advisors LLC raised its stake in JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after buying an additional 496 shares in the last quarter. First Trust Advisors LP acquired a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $203,000. Finally, Brown Advisory Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 7.6% during the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after buying an additional 431 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST opened at $50.53 on Friday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.39 and a 52 week high of $50.79. The firm has a market cap of $40.40 billion, a price-to-earnings ratio of 109.85 and a beta of 0.01. The stock has a 50 day moving average of $50.48 and a 200-day moving average of $50.53.

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.