JPMorgan Ultra-Short Income ETF $JPST Position Boosted by Ridgepath Capital Management LLC

Ridgepath Capital Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 214.7% during the first quarter, Holdings Channel.com reports. The firm owned 938,877 shares of the company’s stock after buying an additional 640,542 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 23.6% of Ridgepath Capital Management LLC’s portfolio, making the stock its biggest holding. Ridgepath Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $47,517,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $25,000. Jackson Hole Capital Partners LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $28,000. Sittner & Nelson LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $30,000. Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $32,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 89.1% during the 4th quarter. TD Private Client Wealth LLC now owns 743 shares of the company’s stock valued at $38,000 after buying an additional 350 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

Shares of NYSEARCA:JPST opened at $50.49 on Tuesday. The firm has a fifty day moving average of $50.49 and a two-hundred day moving average of $50.57. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.39 and a 12-month high of $50.79. The firm has a market capitalization of $40.01 billion, a P/E ratio of 109.76 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.