Newport Capital Group LLC Purchases 9,278 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Newport Capital Group LLC increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.8% during the fourth quarter, Holdings Channel reports. The firm owned 76,666 shares of the company’s stock after buying an additional 9,278 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 2.8% of Newport Capital Group LLC’s portfolio, making the stock its 11th largest holding. Newport Capital Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,862,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of JPST. JPMorgan Chase & Co. boosted its position in JPMorgan Ultra-Short Income ETF by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 73,544,853 shares of the company’s stock worth $3,731,666,000 after purchasing an additional 15,245,816 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,600,636 shares of the company’s stock worth $690,096,000 after buying an additional 91,729 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% during the 3rd quarter. LPL Financial LLC now owns 11,172,018 shares of the company’s stock worth $566,868,000 after buying an additional 789,054 shares during the period. HB Wealth Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 11.2% in the 4th quarter. HB Wealth Management LLC now owns 8,316,836 shares of the company’s stock valued at $416,590,000 after buying an additional 838,189 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,858,342 shares of the company’s stock valued at $297,252,000 after acquiring an additional 103,192 shares during the period.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.47 on Friday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month high of $50.75. The firm has a 50 day moving average price of $50.48 and a two-hundred day moving average price of $50.52.

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.