JPMorgan Ultra-Short Income ETF $JPST Shares Purchased by Financial Enhancement Group LLC

Financial Enhancement Group LLC raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 16.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 231,856 shares of the company’s stock after purchasing an additional 32,910 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 1.4% of Financial Enhancement Group LLC’s portfolio, making the stock its 26th largest position. Financial Enhancement Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $11,655,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Strengthening Families & Communities LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $28,000. Motiv8 Investments LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $32,000. Beacon Financial Strategies CORP acquired a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $34,000. Allied Private Wealth LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $38,000. Finally, Rice Partnership LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 327.5% during the 1st quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after acquiring an additional 655 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST remained flat at $50.27 during midday trading on Thursday. 7,889,485 shares of the company’s stock traded hands, compared to its average volume of 6,812,485. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week high of $50.79. The company has a market capitalization of $42.38 billion, a P/E ratio of 109.28 and a beta of 0.01. The firm has a fifty day moving average price of $50.41 and a 200-day moving average price of $50.47.

JPMorgan Ultra-Short Income ETF Company 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.