Ergawealth Advisors Inc. Trims Position in JPMorgan Ultra-Short Income ETF $JPST

Ergawealth Advisors Inc. reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 42.1% in the 3rd quarter, Holdings Channel reports. The fund owned 46,308 shares of the company’s stock after selling 33,663 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 1.1% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 18th biggest position. Ergawealth Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,349,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Centurion Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 2.0% in the second quarter. Centurion Wealth Management LLC now owns 10,160 shares of the company’s stock valued at $515,000 after purchasing an additional 200 shares during the period. Kathleen S. Wright Associates Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 2.3% in the 2nd quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock valued at $497,000 after buying an additional 220 shares during the period. Keel Point LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after buying an additional 239 shares during the period. CWC Advisors LLC. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 5.1% during the 2nd quarter. CWC Advisors LLC. now owns 5,468 shares of the company’s stock valued at $277,000 after acquiring an additional 263 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,965 shares of the company’s stock worth $201,000 after acquiring an additional 265 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.76 on Tuesday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78. The firm has a 50 day moving average price of $50.68 and a 200 day moving average price of $50.64. The company has a market cap of $34.28 billion, a price-to-earnings ratio of 110.35 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Company 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.