JPMorgan Ultra-Short Income ETF $JPST Stock Purchased by Rahlfs Capital LLC

Rahlfs Capital LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 55.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 312,750 shares of the company’s stock after acquiring an additional 110,970 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 9.0% of Rahlfs Capital LLC’s portfolio, making the stock its 2nd biggest position. Rahlfs Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Beaumont Financial Advisors LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 14.3% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 17,088 shares of the company’s stock worth $861,000 after purchasing an additional 2,136 shares in the last quarter. Wedbush Securities Inc. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 15.7% during the 3rd quarter. Wedbush Securities Inc. now owns 55,312 shares of the company’s stock valued at $2,786,000 after purchasing an additional 7,501 shares in the last quarter. Legacy Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the 3rd quarter. Legacy Wealth Management LLC now owns 35,389 shares of the company’s stock valued at $1,783,000 after purchasing an additional 304 shares in the last quarter. Lake Street Private Wealth LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 7.1% during the 3rd quarter. Lake Street Private Wealth LLC now owns 50,078 shares of the company’s stock valued at $2,522,000 after purchasing an additional 3,335 shares in the last quarter. Finally, Benin Management CORP purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at about $267,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST traded down $0.02 during midday trading on Friday, hitting $50.36. 22,232,105 shares of the company traded hands, compared to its average volume of 6,948,486. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month high of $50.79. The firm has a market cap of $42.86 billion, a P/E ratio of 109.48 and a beta of 0.01. The stock has a 50-day moving average price of $50.38 and a 200 day moving average price of $50.46.

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.