Cahaba Wealth Management Inc. Acquires 12,703 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Cahaba Wealth Management Inc. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 302,567 shares of the company’s stock after purchasing an additional 12,703 shares during the period. JPMorgan Ultra-Short Income ETF comprises 1.3% of Cahaba Wealth Management Inc.’s portfolio, making the stock its 15th biggest holding. Cahaba Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,352,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 30.0% in the first quarter. JPMorgan Chase & Co. now owns 45,690,839 shares of the company’s stock valued at $2,305,103,000 after acquiring an additional 10,546,138 shares during the last quarter. LPL Financial LLC raised its position in JPMorgan Ultra-Short Income ETF by 13.5% in the 2nd quarter. LPL Financial LLC now owns 10,382,964 shares of the company’s stock worth $524,028,000 after purchasing an additional 1,235,482 shares during the last quarter. HB Wealth Management LLC raised its position in JPMorgan Ultra-Short Income ETF by 5.8% in the 1st quarter. HB Wealth Management LLC now owns 8,076,454 shares of the company’s stock worth $405,234,000 after purchasing an additional 443,033 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in JPMorgan Ultra-Short Income ETF by 37.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,833,237 shares of the company’s stock worth $243,837,000 after purchasing an additional 1,317,710 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in JPMorgan Ultra-Short Income ETF by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,615,274 shares of the company’s stock worth $182,463,000 after purchasing an additional 14,611 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock traded up $0.02 during trading on Friday, hitting $50.58. The company had a trading volume of 3,316,760 shares, compared to its average volume of 3,968,215. The firm has a 50-day moving average price of $50.59 and a 200-day moving average price of $50.45. JPMorgan Ultra-Short Income ETF has a 12 month low of $49.97 and a 12 month high of $50.75.

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.