Ergawealth Advisors Inc. Has $4.05 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Ergawealth Advisors Inc. lowered its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.5% in the second quarter, Holdings Channel reports. The firm owned 79,971 shares of the company’s stock after selling 8,398 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 1.8% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 16th biggest holding. Ergawealth Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,053,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of JPST. JPMorgan Chase & Co. raised its stake in JPMorgan Ultra-Short Income ETF by 2.7% during the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock worth $5,068,793,000 after buying an additional 2,598,084 shares during the period. Temasek Holdings Private Ltd bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter worth about $842,655,000. LPL Financial LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 19.4% during the first quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock worth $767,511,000 after purchasing an additional 2,464,430 shares during the period. HB Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.0% during the 2nd quarter. HB Wealth Management LLC now owns 8,888,716 shares of the company’s stock valued at $450,480,000 after purchasing an additional 342,791 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings 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 valued at $346,121,000 after purchasing an additional 1,265,522 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.61 on Friday. The stock has a market cap of $34.00 billion, a price-to-earnings ratio of 110.02 and a beta of 0.03. The business has a 50 day simple moving average of $50.65 and a 200 day simple moving average of $50.57. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.76.

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.