Newport Capital Group LLC Purchases 30,295 Shares of JPMorgan Ultra-Short Income ETF $JPST

Newport Capital Group LLC grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 44.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 99,200 shares of the company’s stock after acquiring an additional 30,295 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 1.9% of Newport Capital Group LLC’s investment portfolio, making the stock its 11th biggest position. Newport Capital Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,019,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at $25,000. Jackson Hole Capital Partners LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $28,000. MGB Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at $30,000. Sittner & Nelson LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $30,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $38,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

NYSEARCA JPST opened at $50.49 on Friday. The company has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.76 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.41 and a twelve month high of $50.79. The stock has a fifty day simple moving average of $50.51 and a 200 day simple moving average of $50.60.

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.