Gradient Capital Advisors LLC Has $6.30 Million Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Gradient Capital Advisors LLC decreased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 124,383 shares of the company’s stock after selling 9,171 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 2.1% of Gradient Capital Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Gradient Capital Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. One Degree Advisors Inc boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 3.8% during the fourth quarter. One Degree Advisors Inc now owns 6,075 shares of the company’s stock valued at $306,000 after acquiring an additional 222 shares during the period. Floyd Financial Group LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 0.3% in the first quarter. Floyd Financial Group LLC now owns 76,218 shares of the company’s stock worth $3,859,000 after purchasing an additional 239 shares during the period. Lighthouse Wealth Management Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 2.4% in the first quarter. Lighthouse Wealth Management Inc. now owns 11,833 shares of the company’s stock worth $599,000 after purchasing an additional 273 shares during the period. Apella Capital LLC raised its position in JPMorgan Ultra-Short Income ETF by 1.5% in the first quarter. Apella Capital LLC now owns 19,521 shares of the company’s stock worth $983,000 after acquiring an additional 285 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its position in JPMorgan Ultra-Short Income ETF by 32.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,161 shares of the company’s stock worth $59,000 after acquiring an additional 286 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.59 on Friday. The stock has a market cap of $32.11 billion, a price-to-earnings ratio of 109.97 and a beta of 0.03. The business has a 50 day simple moving average of $50.53 and a 200 day simple moving average of $50.51. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.75.

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.