Financial Enhancement Group LLC Grows Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Financial Enhancement Group LLC lifted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 16.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 231,856 shares of the company’s stock after buying an additional 32,910 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 1.4% of Financial Enhancement Group LLC’s holdings, making the stock its 26th largest holding. Financial Enhancement Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $11,655,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of JPST. Strengthening Families & Communities LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at $28,000. Motiv8 Investments LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $32,000. Beacon Financial Strategies CORP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $34,000. Allied Private Wealth LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $38,000. Finally, Rice Partnership LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 327.5% in the 1st quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after purchasing 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 Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock remained flat at $50.27 during mid-day trading on Thursday. 7,889,485 shares of the company were exchanged, compared to its average volume of 6,812,485. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.20 and a 1-year 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 company has a fifty day simple moving average of $50.41 and a 200-day simple moving average of $50.47.

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.