Centricity Wealth Management LLC Buys 8,276 Shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Centricity Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,369 shares of the company’s stock after purchasing an additional 8,276 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 4.6% of Centricity Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Centricity Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Howe & Rusling Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth $26,000. Logan Capital Management Inc. bought a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth $27,000. Maryland Capital Advisors Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $31,000. Cyrus J. Lawrence LLC bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $31,000. Finally, Cullen Frost Bankers Inc. bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $33,000.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.45 on Monday. The stock’s 50-day moving average is $50.49 and its 200-day moving average is $50.50. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.25 and a 1-year high of $50.75.

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.