JPMorgan Ultra-Short Income ETF $JPST Stock Bought by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,697 shares of the company’s stock after acquiring an additional 14,258 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 1.9% of Endowment Wealth Management Inc.’s investment portfolio, making the stock its 13th biggest position. Endowment Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,576,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Formidable Asset Management LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 8.3% during the 3rd quarter. Formidable Asset Management LLC now owns 79,913 shares of the company’s stock worth $4,041,000 after buying an additional 6,132 shares during the period. Parallel Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 10.3% during the 3rd quarter. Parallel Advisors LLC now owns 78,657 shares of the company’s stock valued at $3,962,000 after buying an additional 7,346 shares in the last quarter. Guidance Capital Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 1.0% during the 3rd quarter. Guidance Capital Inc. now owns 32,665 shares of the company’s stock valued at $1,642,000 after buying an additional 338 shares in the last quarter. Phoenix Wealth Advisors grew its stake in JPMorgan Ultra-Short Income ETF by 55.8% in the 3rd quarter. Phoenix Wealth Advisors now owns 1,550,530 shares of the company’s stock valued at $78,100,000 after acquiring an additional 555,561 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its stake in JPMorgan Ultra-Short Income ETF by 3.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 204,305 shares of the company’s stock valued at $10,291,000 after acquiring an additional 5,866 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.30 on Friday. The firm has a market cap of $42.55 billion, a PE ratio of 109.35 and a beta of 0.02. The firm has a fifty day moving average of $50.34 and a 200 day moving average of $50.49. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.79.

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.