Ridgepath Capital Management LLC Acquires 640,542 Shares of JPMorgan Ultra-Short Income ETF $JPST

Ridgepath Capital Management LLC raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 214.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 938,877 shares of the company’s stock after buying an additional 640,542 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 23.6% of Ridgepath Capital Management LLC’s investment portfolio, making the stock its largest holding. Ridgepath Capital Management LLC owned approximately 0.13% of JPMorgan Ultra-Short Income ETF worth $47,517,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth $25,000. Jackson Hole Capital Partners LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $28,000. Sittner & Nelson LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $30,000. Motiv8 Investments LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $32,000. Finally, TD Private Client Wealth LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 89.1% in the 4th quarter. TD Private Client Wealth LLC now owns 743 shares of the company’s stock valued at $38,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.49 on Tuesday. The company has a 50 day moving average price of $50.49 and a 200 day moving average price of $50.57. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.39 and a 52 week high of $50.79. The firm has a market capitalization of $40.01 billion, a price-to-earnings ratio of 109.76 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.