Cahaba Wealth Management Inc. Has $14.63 Million Position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Cahaba Wealth Management Inc. increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 289,864 shares of the company’s stock after acquiring an additional 21,580 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 1.3% of Cahaba Wealth Management Inc.’s holdings, making the stock its 15th largest position. Cahaba Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,629,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JPST. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $25,000. First Pacific Financial increased its position in JPMorgan Ultra-Short Income ETF by 1,093.9% during the 1st quarter. First Pacific Financial now owns 585 shares of the company’s stock valued at $30,000 after purchasing an additional 536 shares during the period. LRI Investments LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $32,000. Finally, Cooksen Wealth LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $36,000.

JPMorgan Ultra-Short Income ETF Stock Up 0.1 %

Shares of JPST stock opened at $50.54 on Friday. JPMorgan Ultra-Short Income ETF has a 52 week low of $49.96 and a 52 week high of $50.68. The firm has a 50 day moving average of $50.49 and a 200-day moving average of $50.41.

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.