JPMorgan Ultra-Short Income ETF $JPST Stake Lifted by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.3% during the first quarter, Holdings Channel.com reports. The fund owned 403,114 shares of the company’s stock after purchasing an additional 30,833 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 1.4% of Cahaba Wealth Management Inc.’s holdings, making the stock its 15th biggest holding. Cahaba Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $20,402,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at $25,000. Jackson Hole Capital Partners LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $28,000. Sittner & Nelson LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $30,000. Motiv8 Investments LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $32,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $38,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of NYSEARCA JPST opened at $50.44 on Thursday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.39 and a twelve month high of $50.79. The firm has a 50-day moving average of $50.50 and a two-hundred day moving average of $50.58. The company has a market capitalization of $39.69 billion, a price-to-earnings ratio of 109.65 and a beta of 0.01.

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.