JPMorgan Ultra-Short Income ETF $JPST Stake Lifted by Rahlfs Capital LLC

Rahlfs Capital LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 59.3% during the 4th quarter, HoldingsChannel reports. The fund owned 217,005 shares of the company’s stock after acquiring an additional 80,750 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 8.5% of Rahlfs Capital LLC’s portfolio, making the stock its largest position. Rahlfs Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,978,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at about $25,000. Rossmore Private Capital purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at about $25,000. Jackson Hole Capital Partners LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $28,000. MGB Wealth Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at about $30,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.50 on Friday. The firm has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.42 and a one year high of $50.79. The company’s 50 day moving average price is $50.53 and its 200 day moving average price is $50.62.

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.