Rahlfs Capital LLC Purchases 110,970 Shares of JPMorgan Ultra-Short Income ETF $JPST

Rahlfs Capital LLC raised its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 55.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 312,750 shares of the company’s stock after buying an additional 110,970 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 9.0% of Rahlfs Capital LLC’s investment portfolio, making the stock its 2nd biggest holding. Rahlfs Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,753,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JPST. HB Wealth Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 5.4% in the 2nd quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock worth $506,509,000 after acquiring an additional 514,497 shares during the last quarter. Royal Bank of Canada raised its stake in shares of JPMorgan Ultra-Short Income ETF by 11.1% during the first quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock valued at $271,917,000 after acquiring an additional 534,875 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 7.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock valued at $184,468,000 after acquiring an additional 245,314 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of JPMorgan Ultra-Short Income ETF by 10.2% during the first quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock valued at $170,925,000 after acquiring an additional 312,033 shares during the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp raised its stake in shares of JPMorgan Ultra-Short Income ETF by 215.9% during the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after acquiring an additional 1,921,600 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

Shares of JPMorgan Ultra-Short Income ETF stock traded down $0.02 during trading on Friday, reaching $50.36. 22,232,105 shares of the stock were exchanged, compared to its average volume of 6,948,486. The stock’s fifty day moving average is $50.38 and its 200 day moving average is $50.46. The firm has a market cap of $42.86 billion, a price-to-earnings ratio of 109.48 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.20 and a 1 year high of $50.79.

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.