Peapack Gladstone Financial Corp Sells 45,151 Shares of JPMorgan Ultra-Short Income ETF $JPST

Peapack Gladstone Financial Corp lessened its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.8% during the fourth quarter, Holdings Channel reports. The fund owned 533,742 shares of the company’s stock after selling 45,151 shares during the period. Peapack Gladstone Financial Corp’s holdings in JPMorgan Ultra-Short Income ETF were worth $27,002,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JPST. Mezzasalma Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 70.9% in the fourth quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock valued at $4,082,000 after purchasing an additional 33,446 shares during the last quarter. Webster Bank N. A. lifted its position in JPMorgan Ultra-Short Income ETF by 27.0% in the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after purchasing an additional 22,815 shares during the last quarter. Greenberg Financial Group bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $1,544,000. Authentikos Wealth Advisory LLC lifted its position in JPMorgan Ultra-Short Income ETF by 56.6% in the third quarter. Authentikos Wealth Advisory LLC now owns 45,098 shares of the company’s stock valued at $2,288,000 after purchasing an additional 16,299 shares during the last quarter. Finally, Optima Capital LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $3,485,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.62 on Monday. The company has a 50-day simple moving average of $50.53 and a two-hundred day simple moving average of $50.62. JPMorgan Ultra-Short Income ETF has a one year low of $50.42 and a one year high of $50.79. The firm has a market capitalization of $37.62 billion, a PE ratio of 110.04 and a beta of 0.01.

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.