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

Ridgepath Capital Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 59.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 586,735 shares of the company’s stock after purchasing an additional 218,955 shares during the period. JPMorgan Ultra-Short Income ETF comprises 16.2% of Ridgepath Capital Management LLC’s portfolio, making the stock its largest position. Ridgepath Capital Management LLC owned 0.07% of JPMorgan Ultra-Short Income ETF worth $29,554,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of JPST. Strengthening Families & Communities LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $28,000. Beacon Financial Strategies CORP purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $34,000. Allied Private Wealth LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $38,000. Rice Partnership LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 327.5% during the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after buying an additional 655 shares in the last quarter. Finally, Abound Wealth Management raised its holdings in JPMorgan Ultra-Short Income ETF by 1,963.3% in the second quarter. Abound Wealth Management now owns 1,011 shares of the company’s stock valued at $51,000 after acquiring an additional 962 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.43 on Monday. The company has a market capitalization of $42.55 billion, a price-to-earnings ratio of 109.63 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.79. The company’s fifty day moving average price is $50.37 and its two-hundred day moving average price is $50.50.

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.