JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Redmont Wealth Advisors LLC

Redmont Wealth Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 80.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,762 shares of the company’s stock after buying an additional 29,273 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 5.0% of Redmont Wealth Advisors LLC’s holdings, making the stock its 4th largest position. Redmont Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,327,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. TPG Financial Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 60.0% during the fourth quarter. TPG Financial Advisors LLC now owns 48,492 shares of the company’s stock worth $2,453,000 after buying an additional 18,183 shares during the period. First Business Financial Services Inc. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 7.3% during the fourth quarter. First Business Financial Services Inc. now owns 217,698 shares of the company’s stock worth $11,013,000 after buying an additional 14,901 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 8.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 140,246 shares of the company’s stock worth $7,095,000 after buying an additional 10,382 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 54.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,815 shares of the company’s stock worth $244,000 after buying an additional 1,706 shares during the period. Finally, Paradigm Capital Management LLC NV boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 2.9% during the fourth quarter. Paradigm Capital Management LLC NV now owns 244,989 shares of the company’s stock worth $12,394,000 after buying an additional 6,799 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.49 on Wednesday. The firm’s fifty day moving average price is $50.53 and its 200 day moving average price is $50.62. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.42 and a 1-year high of $50.79. The firm has a market cap of $37.53 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.