JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) is Gallacher Capital Management LLC’s 10th Largest Position

Gallacher Capital Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,024 shares of the company’s stock after acquiring an additional 5,288 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 1.6% of Gallacher Capital Management LLC’s holdings, making the stock its 10th biggest position. Gallacher Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,124,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 73,544,853 shares of the company’s stock valued at $3,731,666,000 after buying an additional 15,245,816 shares during the period. Raymond James Financial Inc. bought a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $173,884,000. Temasek Holdings Private Ltd bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $50,075,000. West Oak Capital LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 2,619.5% in the fourth quarter. West Oak Capital LLC now owns 918,881 shares of the company’s stock valued at $46,284,000 after purchasing an additional 885,093 shares during the period. Finally, HB Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 11.2% in the fourth quarter. HB Wealth Management LLC now owns 8,316,836 shares of the company’s stock valued at $416,590,000 after purchasing an additional 838,189 shares during the period.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.52 on Friday. The company’s 50 day moving average is $50.50 and its 200-day moving average is $50.52. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month 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.