NewSquare Capital LLC Increases Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

NewSquare Capital LLC lifted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 158.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,220 shares of the company’s stock after purchasing an additional 14,838 shares during the period. NewSquare Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of JPST. Centricity Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 9.0% in the 1st quarter. Centricity Wealth Management LLC now owns 100,369 shares of the company’s stock worth $5,082,000 after buying an additional 8,276 shares during the period. First Citizens Bank & Trust Co. bought a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth $650,000. Bank of New Hampshire boosted its holdings in JPMorgan Ultra-Short Income ETF by 11.9% in the 1st quarter. Bank of New Hampshire now owns 117,072 shares of the company’s stock worth $5,927,000 after buying an additional 12,424 shares during the period. Lpwm LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 73.2% during the 1st quarter. Lpwm LLC now owns 318,829 shares of the company’s stock valued at $16,142,000 after purchasing an additional 134,762 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 21.2% during the 1st quarter. Miracle Mile Advisors LLC now owns 169,508 shares of the company’s stock valued at $8,582,000 after purchasing an additional 29,659 shares during the last quarter.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.45 on Monday. The firm has a 50-day simple moving average of $50.49 and a two-hundred day simple moving average of $50.50. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.25 and a 52 week 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.