Gallacher Capital Management LLC Has $2.57 Million Stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Gallacher Capital Management LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,847 shares of the company’s stock after buying an additional 11,469 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 1.4% of Gallacher Capital Management LLC’s holdings, making the stock its 13th largest position. Gallacher Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,566,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of JPST. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 30.0% during the first quarter. JPMorgan Chase & Co. now owns 45,690,839 shares of the company’s stock valued at $2,305,103,000 after purchasing an additional 10,546,138 shares during the period. HB Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 5.8% in the first quarter. HB Wealth Management LLC now owns 8,076,454 shares of the company’s stock worth $405,234,000 after acquiring an additional 443,033 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 37.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock valued at $243,837,000 after acquiring an additional 1,317,710 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 6.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,201,925 shares of the company’s stock valued at $111,131,000 after acquiring an additional 142,741 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $93,574,000.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.54 on Friday. The company has a fifty day simple moving average of $50.49 and a 200 day simple moving average of $50.41. JPMorgan Ultra-Short Income ETF has a 12-month low of $49.96 and a 12-month high of $50.68.

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.