Forza Wealth Management LLC Purchases 9,333 Shares of JPMorgan Ultra-Short Income ETF $JPST

Forza Wealth Management LLC raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.1% during the second quarter, Holdings Channel reports. The firm owned 140,538 shares of the company’s stock after purchasing an additional 9,333 shares during the period. JPMorgan Ultra-Short Income ETF comprises 2.9% of Forza Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Forza Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,122,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPST. Fiduciary Alliance LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the 1st quarter. Fiduciary Alliance LLC now owns 15,306 shares of the company’s stock worth $775,000 after purchasing an additional 401 shares during the period. Merit Financial Group LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 1,439.9% during the 1st quarter. Merit Financial Group LLC now owns 125,853 shares of the company’s stock valued at $6,372,000 after acquiring an additional 117,680 shares during the period. Capital Asset Advisory Services LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 6.4% during the 1st quarter. Capital Asset Advisory Services LLC now owns 532,584 shares of the company’s stock valued at $26,869,000 after acquiring an additional 32,098 shares during the period. RFG Advisory LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at $780,000. Finally, Smith Anglin Financial LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 272.5% during the 1st quarter. Smith Anglin Financial LLC now owns 19,144 shares of the company’s stock valued at $969,000 after acquiring an additional 14,004 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

JPMorgan Ultra-Short Income ETF stock opened at $50.73 on Wednesday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.76. The firm’s fifty day moving average is $50.66 and its 200 day moving average is $50.57. The company has a market capitalization of $32.39 billion, a PE ratio of 110.28 and a beta of 0.03.

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.