JPMorgan Ultra-Short Income ETF $JPST Stock Position Cut by Ridgeline Wealth Planning LLC

Ridgeline Wealth Planning LLC cut its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 394,281 shares of the company’s stock after selling 39,334 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 14.2% of Ridgeline Wealth Planning LLC’s holdings, making the stock its 2nd biggest position. Ridgeline Wealth Planning LLC owned about 0.05% of JPMorgan Ultra-Short Income ETF worth $19,947,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Archer Investment Corp boosted its position in JPMorgan Ultra-Short Income ETF by 11.2% during the third quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after purchasing an additional 200 shares in the last quarter. Lakeridge Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 4.5% during the fourth quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after purchasing an additional 206 shares in the last quarter. Lantern Wealth Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 5.0% during the third quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after purchasing an additional 226 shares in the last quarter. Condor Capital Management boosted its position in JPMorgan Ultra-Short Income ETF by 1.6% during the third quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after purchasing an additional 231 shares in the last quarter. Finally, Keel Point LLC boosted its position in JPMorgan Ultra-Short Income ETF by 1.4% during the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after purchasing an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST stock opened at $50.50 on Friday. The company has a market capitalization of $37.53 billion, a P/E ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.42 and a 12-month high of $50.79. The business’s 50 day moving average is $50.55 and its two-hundred day moving average is $50.63.

JPMorgan Ultra-Short Income ETF 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.