Financial Enhancement Group LLC increased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 9.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,946 shares of the company’s stock after buying an additional 17,149 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 1.2% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 29th largest holding. Financial Enhancement Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,061,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Ridgeline Wealth LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $595,000. CGN Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 3.0% during the second quarter. CGN Advisors LLC now owns 19,314 shares of the company’s stock valued at $977,000 after purchasing an additional 555 shares during the period. CoreCap Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 2.9% during the second quarter. CoreCap Advisors LLC now owns 30,309 shares of the company’s stock valued at $1,533,000 after purchasing an additional 853 shares during the period. Sincerus Advisory LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 13.0% in the second quarter. Sincerus Advisory LLC now owns 5,109 shares of the company’s stock valued at $258,000 after purchasing an additional 589 shares during the last quarter. Finally, Private Client Services LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 15.1% in the second quarter. Private Client Services LLC now owns 13,290 shares of the company’s stock valued at $672,000 after purchasing an additional 1,748 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Ultra-Short Income ETF Stock Performance
Shares of JPST opened at $50.42 on Wednesday. The business’s 50-day moving average is $50.48 and its two-hundred day moving average is $50.55. The company has a market capitalization of $40.32 billion, a P/E ratio of 109.61 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week high of $50.79.
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.
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