JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Ridgepath Capital Management LLC

Ridgepath Capital Management LLC increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 59.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 586,735 shares of the company’s stock after purchasing an additional 218,955 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 16.2% of Ridgepath Capital Management LLC’s investment portfolio, making the stock its largest holding. Ridgepath Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $29,554,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Sage Advisory Services Ltd.Co. raised its stake in JPMorgan Ultra-Short Income ETF by 4.3% during the third quarter. Sage Advisory Services Ltd.Co. now owns 58,581 shares of the company’s stock worth $2,951,000 after acquiring an additional 2,420 shares during the period. Trek Financial LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 28.3% in the third quarter. Trek Financial LLC now owns 35,107 shares of the company’s stock valued at $1,768,000 after acquiring an additional 7,753 shares during the period. Pinnacle Financial Group LLC IL boosted its stake in JPMorgan Ultra-Short Income ETF by 71.1% in the third quarter. Pinnacle Financial Group LLC IL now owns 9,266 shares of the company’s stock valued at $467,000 after acquiring an additional 3,851 shares during the period. Security Financial Services INC. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.3% during the third quarter. Security Financial Services INC. now owns 11,844 shares of the company’s stock valued at $597,000 after purchasing an additional 806 shares during the last quarter. Finally, Virtue Capital Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $263,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.43 on Monday. The business’s 50 day simple moving average is $50.37 and its 200-day simple moving average is $50.50. The stock has a market capitalization of $42.55 billion, a price-to-earnings ratio of 109.63 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month high of $50.79.

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.