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

Ergawealth Advisors Inc. cut its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 42.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,308 shares of the company’s stock after selling 33,663 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 1.1% of Ergawealth Advisors Inc.’s holdings, 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.

Other hedge funds have also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $842,655,000. Bank of America Corp DE increased its holdings in JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after acquiring an additional 2,162,615 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock worth $346,121,000 after purchasing an additional 1,265,522 shares during the last quarter. RiverFront Investment Group LLC increased its position in JPMorgan Ultra-Short Income ETF by 941.7% during the second quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after buying an additional 1,138,031 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 42.2% in the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock worth $193,336,000 after acquiring an additional 1,132,264 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of NYSEARCA:JPST opened at $50.76 on Tuesday. The company has a market capitalization of $34.28 billion, a P/E ratio of 110.35 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.78. The stock’s fifty day simple moving average is $50.68 and its 200-day simple moving average is $50.64.

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.