JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Ridgeline Wealth Planning LLC

Ridgeline Wealth Planning LLC lessened its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.1% in the 4th quarter, HoldingsChannel reports. The fund owned 394,281 shares of the company’s stock after selling 39,334 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 14.2% of Ridgeline Wealth Planning LLC’s portfolio, making the stock its 2nd biggest holding. Ridgeline Wealth Planning LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $19,947,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $25,000. Cardiff Park Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $25,000. Jackson Hole Capital Partners LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $28,000. MGB Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $30,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Friday. The company has a fifty day simple moving average of $50.55 and a 200-day simple moving average of $50.63. 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 cap of $37.53 billion, a price-to-earnings ratio of 109.78 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.