JPMorgan Ultra-Short Income ETF $JPST is Rahlfs Capital LLC’s Largest Position

Rahlfs Capital LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 59.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,005 shares of the company’s stock after acquiring an additional 80,750 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 8.5% of Rahlfs Capital LLC’s investment portfolio, making the stock its largest position. Rahlfs Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,978,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. AE Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 3.9% during the 3rd quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock worth $17,072,000 after purchasing an additional 12,743 shares during the last quarter. Beacon Financial Advisory LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 13.0% during the 3rd quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after purchasing an additional 12,895 shares during the last quarter. Mezzasalma Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 70.9% during the 4th quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock worth $4,082,000 after purchasing an additional 33,446 shares during the last quarter. Great Point Wealth Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $34,876,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 10.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 167,729 shares of the company’s stock worth $8,509,000 after purchasing an additional 15,496 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.50 on Friday. The firm has a market cap of $37.53 billion, a P/E ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.42 and a 1-year high of $50.79. The firm’s 50-day simple moving average is $50.53 and its 200-day simple moving average is $50.62.

About JPMorgan Ultra-Short Income ETF

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.