Ridgeline Wealth Planning LLC Purchases Shares of 304,576 JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Ridgeline Wealth Planning LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 304,576 shares of the company’s stock, valued at approximately $15,341,000. JPMorgan Ultra-Short Income ETF accounts for approximately 14.7% of Ridgeline Wealth Planning LLC’s investment portfolio, making the stock its 2nd biggest position.

Other institutional investors have also recently made changes to their positions in the company. Hayek Kallen Investment Management boosted its position in JPMorgan Ultra-Short Income ETF by 0.3% during the third quarter. Hayek Kallen Investment Management now owns 76,493 shares of the company’s stock worth $3,881,000 after purchasing an additional 219 shares in the last quarter. Moloney Securities Asset Management LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 1.6% during the 4th quarter. Moloney Securities Asset Management LLC now owns 14,662 shares of the company’s stock worth $739,000 after buying an additional 224 shares during the period. Eastern Bank lifted its position in shares of JPMorgan Ultra-Short Income ETF by 95.1% during the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after buying an additional 250 shares in the last quarter. SteelPeak Wealth LLC grew its stake in JPMorgan Ultra-Short Income ETF by 4.2% in the 4th quarter. SteelPeak Wealth LLC now owns 6,394 shares of the company’s stock valued at $323,000 after acquiring an additional 260 shares during the period. Finally, Aspen Wealth Strategies LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 1.0% in the 3rd quarter. Aspen Wealth Strategies LLC now owns 27,036 shares of the company’s stock worth $1,372,000 after acquiring an additional 261 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.45 on Wednesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week high of $50.75. The company has a fifty day moving average of $50.48 and a two-hundred day moving average of $50.52.

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.