Riggs Capital Management LLC Invests $3.47 Million in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Riggs Capital Management LLC bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, Holdings Channel reports. The firm bought 68,912 shares of the company’s stock, valued at approximately $3,471,000. JPMorgan Ultra-Short Income ETF comprises about 3.4% of Riggs Capital Management LLC’s portfolio, making the stock its 7th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 32.6% in the 4th quarter. JPMorgan Chase & Co. now owns 97,516,324 shares of the company’s stock worth $4,911,897,000 after buying an additional 23,971,471 shares during the last quarter. LPL Financial LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 13.6% in the fourth quarter. LPL Financial LLC now owns 12,694,776 shares of the company’s stock valued at $639,436,000 after purchasing an additional 1,522,758 shares during the period. HB Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.2% in the fourth quarter. HB Wealth Management LLC now owns 8,316,836 shares of the company’s stock worth $416,590,000 after acquiring an additional 838,189 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,858,342 shares of the company’s stock valued at $297,252,000 after buying an additional 103,192 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $173,884,000.

JPMorgan Ultra-Short Income ETF Stock Up 0.1 %

Shares of JPST opened at $50.62 on Monday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.20 and a 1-year high of $50.75. The firm’s 50 day simple moving average is $50.53 and its 200 day simple moving average is $50.52.

JPMorgan Ultra-Short Income ETF Company 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.