Formidable Asset Management LLC Increases Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Formidable Asset Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 33.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,318 shares of the company’s stock after purchasing an additional 28,795 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 0.8% of Formidable Asset Management LLC’s holdings, making the stock its 23rd biggest position. Formidable Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,794,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of JPST. Bank of America Corp DE raised its position in JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares in the last quarter. RiverFront Investment Group LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 941.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock valued at $63,800,000 after purchasing an additional 1,138,031 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake 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 valued at $193,336,000 after purchasing an additional 1,132,264 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in JPMorgan Ultra-Short Income ETF by 27.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock worth $244,438,000 after buying an additional 1,044,337 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 34.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,990,344 shares of the company’s stock worth $202,169,000 after buying an additional 1,027,118 shares in the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST opened at $50.67 on Monday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.78. The firm has a market capitalization of $35.95 billion, a P/E ratio of 110.15 and a beta of 0.01. The firm’s 50-day moving average is $50.66 and its two-hundred day moving average is $50.65.

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.