Redmont Wealth Advisors LLC Acquires 29,273 Shares of JPMorgan Ultra-Short Income ETF $JPST

Redmont Wealth Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 80.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 65,762 shares of the company’s stock after buying an additional 29,273 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 5.0% of Redmont Wealth Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Redmont Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. TPG Financial Advisors LLC increased its position in JPMorgan Ultra-Short Income ETF by 60.0% during the 4th quarter. TPG Financial Advisors LLC now owns 48,492 shares of the company’s stock worth $2,453,000 after purchasing an additional 18,183 shares during the period. First Business Financial Services Inc. increased its position in JPMorgan Ultra-Short Income ETF by 7.3% during the 4th quarter. First Business Financial Services Inc. now owns 217,698 shares of the company’s stock worth $11,013,000 after purchasing an additional 14,901 shares during the period. Creative Financial Designs Inc. ADV increased its position in JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 140,246 shares of the company’s stock worth $7,095,000 after purchasing an additional 10,382 shares during the period. PNC Financial Services Group Inc. increased its position in JPMorgan Ultra-Short Income ETF by 54.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,815 shares of the company’s stock worth $244,000 after purchasing an additional 1,706 shares during the period. Finally, Paradigm Capital Management LLC NV increased its position in JPMorgan Ultra-Short Income ETF by 2.9% during the 4th quarter. Paradigm Capital Management LLC NV now owns 244,989 shares of the company’s stock worth $12,394,000 after purchasing an additional 6,799 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

NYSEARCA JPST opened at $50.49 on Wednesday. The business’s 50 day moving average is $50.53 and its two-hundred day moving average is $50.62. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.42 and a 12-month high of $50.79. The stock has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.76 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.