Financial Enhancement Group LLC Has $4.51 Million Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Financial Enhancement Group LLC cut its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 89,660 shares of the company’s stock after selling 3,013 shares during the quarter. Financial Enhancement Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPST. Cadence Bank acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $391,000. Mutual Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 13.0% during the third quarter. Mutual Advisors LLC now owns 289,646 shares of the company’s stock worth $14,534,000 after purchasing an additional 33,406 shares in the last quarter. Tiemann Investment Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 1.2% during the third quarter. Tiemann Investment Advisors LLC now owns 129,843 shares of the company’s stock worth $6,516,000 after purchasing an additional 1,482 shares in the last quarter. Morningstar Investment Services LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 0.4% during the third quarter. Morningstar Investment Services LLC now owns 214,453 shares of the company’s stock worth $10,766,000 after purchasing an additional 813 shares in the last quarter. Finally, Sharper & Granite LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 13.9% during the third quarter. Sharper & Granite LLC now owns 47,590 shares of the company’s stock worth $2,388,000 after purchasing an additional 5,790 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock remained flat at $50.46 during trading hours on Wednesday. 3,161,215 shares of the stock were exchanged, compared to its average volume of 3,798,884. The business has a fifty day moving average price of $50.37 and a two-hundred day moving average price of $50.35. JPMorgan Ultra-Short Income ETF has a 12 month low of $49.93 and a 12 month high of $50.51.

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.