Cahaba Wealth Management Inc. Has $17.75 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

Cahaba Wealth Management Inc. increased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 349,833 shares of the company’s stock after purchasing an additional 15,707 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 1.3% of Cahaba Wealth Management Inc.’s investment portfolio, making the stock its 15th largest position. Cahaba Wealth Management Inc. owned about 0.05% of JPMorgan Ultra-Short Income ETF worth $17,747,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Centurion Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.0% during the 2nd quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock worth $515,000 after acquiring an additional 200 shares during the period. Kathleen S. Wright Associates Inc. raised its position in JPMorgan Ultra-Short Income ETF by 2.3% in the second quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock worth $497,000 after purchasing an additional 220 shares in the last quarter. Keel Point LLC raised its position in JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after purchasing an additional 239 shares in the last quarter. CWC Advisors LLC. lifted its stake in JPMorgan Ultra-Short Income ETF by 5.1% during the second quarter. CWC Advisors LLC. now owns 5,468 shares of the company’s stock worth $277,000 after purchasing an additional 263 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 7.2% during the second quarter. First Horizon Advisors Inc. now owns 3,965 shares of the company’s stock valued at $201,000 after purchasing an additional 265 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPST stock opened at $50.75 on Friday. The business’s 50 day moving average is $50.67 and its 200-day moving average is $50.64. The firm has a market cap of $34.28 billion, a P/E ratio of 110.33 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.78.

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.