JPMorgan Ultra-Short Income ETF $JPST Stock Holdings Lifted by Forza Wealth Management LLC

Forza Wealth Management LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 142,673 shares of the company’s stock after buying an additional 16,185 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 2.6% of Forza Wealth Management LLC’s portfolio, making the stock its 5th largest position. Forza Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,218,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Millennium Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the first quarter worth $3,603,000. EverSource Wealth Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 99.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after purchasing an additional 496 shares during the last quarter. First Trust Advisors LP purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth $203,000. Finally, Brown Advisory Inc. boosted its position in JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after purchasing an additional 431 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.3%

JPST stock opened at $50.45 on Friday. The stock’s fifty day simple moving average is $50.57 and its two-hundred day simple moving average is $50.64. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79. The stock has a market cap of $37.50 billion, a P/E ratio of 109.67 and a beta of 0.01.

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.