JPMorgan Ultra-Short Income ETF $JPST Position Boosted by Ridgeline Wealth Planning LLC

Ridgeline Wealth Planning LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 433,615 shares of the company’s stock after acquiring an additional 98,334 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 16.5% of Ridgeline Wealth Planning LLC’s portfolio, making the stock its 2nd largest holding. Ridgeline Wealth Planning LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $21,997,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Millennium Management LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after acquiring an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $3,603,000. Diversified Trust Co purchased a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $306,000. Essex Savings Bank lifted its position in JPMorgan Ultra-Short Income ETF by 16.8% in the second quarter. Essex Savings Bank now owns 37,036 shares of the company’s stock valued at $1,877,000 after purchasing an additional 5,340 shares during the last quarter. Finally, LongView Wealth Management purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $239,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.67 on Friday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78. The company’s 50 day moving average price is $50.66 and its 200-day moving average price is $50.65. The stock has a market capitalization of $35.95 billion, a price-to-earnings ratio of 110.15 and a beta of 0.01.

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.