Ridgeline Wealth Planning LLC Raises Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Ridgeline Wealth Planning LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 433,615 shares of the company’s stock after buying an additional 98,334 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 16.5% of Ridgeline Wealth Planning LLC’s investment portfolio, making the stock its 2nd biggest position. Ridgeline Wealth Planning LLC owned 0.06% of JPMorgan Ultra-Short Income ETF worth $21,997,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Kathleen S. Wright Associates Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 2.3% in the second quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock valued at $497,000 after acquiring an additional 220 shares during the last quarter. Sax Wealth Advisors LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 2.7% during the third quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after purchasing an additional 220 shares during the last quarter. Daner Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.1% in the 3rd quarter. Daner Wealth Management LLC now owns 21,885 shares of the company’s stock worth $1,110,000 after purchasing an additional 236 shares in the last quarter. Keel Point LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after purchasing an additional 239 shares during the last quarter. Finally, JDM Financial Group LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.9% during the 3rd quarter. JDM Financial Group LLC now owns 13,122 shares of the company’s stock valued at $666,000 after buying an additional 249 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.67 on Friday. The company has a market capitalization of $35.95 billion, a price-to-earnings ratio of 110.15 and a beta of 0.01. The business has a 50 day moving average of $50.66 and a 200 day moving average of $50.65. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.78.

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.