Ruggaard & Associates LLC Sells 21,585 Shares of JPMorgan Ultra-Short Income ETF $JPST

Ruggaard & Associates LLC cut its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,921 shares of the company’s stock after selling 21,585 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 5.8% of Ruggaard & Associates LLC’s investment portfolio, making the stock its 3rd biggest holding. Ruggaard & Associates LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,617,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in JPST. Capstone Wealth Management Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $1,473,000. Bauman Advisory Group LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $4,550,000. TMB Capital Partners LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $227,000. Axxcess Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 65.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,925,152 shares of the company’s stock worth $97,393,000 after buying an additional 761,030 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 340.6% in the 4th quarter. Corient Private Wealth LLC now owns 469,363 shares of the company’s stock worth $23,745,000 after buying an additional 362,846 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPST opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month high of $50.79. The firm has a 50 day moving average of $50.52 and a two-hundred day moving average of $50.59. The firm has a market capitalization of $37.53 billion, a PE ratio of 109.78 and a beta of 0.01.

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.