Gallacher Capital Management LLC Purchases 11,469 Shares of 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 second quarter, according to its most recent disclosure with the SEC. The institutional investor 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 1.4% of Gallacher Capital Management LLC’s holdings, making the stock its 13th biggest 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 quarter.

A number of other institutional investors also recently modified their holdings of JPST. M&T Bank Corp acquired a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $797,000. NBC Securities Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth $47,000. Janney Montgomery Scott LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 3.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 318,634 shares of the company’s stock worth $16,005,000 after purchasing an additional 10,644 shares during the period. Curi Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $207,000. Finally, Quadrant Capital Group LLC raised its stake in JPMorgan Ultra-Short Income ETF by 32.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,061,617 shares of the company’s stock valued at $53,325,000 after purchasing an additional 260,484 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Trading Up 0.1 %

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.54 on Friday. JPMorgan Ultra-Short Income ETF has a 12-month low of $49.96 and a 12-month high of $50.68. The firm’s 50-day moving average price is $50.49 and its two-hundred day moving average price is $50.41.

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.