Lifestyle Asset Management Inc. Boosts Holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Lifestyle Asset Management Inc. raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 15,560 shares of the company’s stock after acquiring an additional 2,073 shares during the period. Lifestyle Asset Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $788,000 as of its most recent filing with the SEC.

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

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.48 on Thursday. The firm has a 50 day simple moving average of $50.50 and a 200-day simple moving average of $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.