Grey Ledge Advisors LLC Decreases Position in JPMorgan Ultra-Short Income ETF $JPST

Grey Ledge Advisors LLC trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 18.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,756 shares of the company’s stock after selling 11,738 shares during the quarter. Grey Ledge Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,619,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in JPMorgan Ultra-Short Income ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after acquiring an additional 9,729,791 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 568.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after purchasing an additional 6,617,940 shares during the last quarter. Temasek Holdings Private Ltd acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth about $300,296,000. Bank of America Corp DE increased its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after purchasing an additional 1,459,312 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

NYSEARCA:JPST opened at $50.55 on Friday. The stock’s 50 day moving average price is $50.52 and its 200 day moving average price is $50.59. The company has a market capitalization of $37.57 billion, a PE ratio of 109.89 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.41 and a 52-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.