JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Paradigm Capital Management LLC NV

Paradigm Capital Management LLC NV grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 265,661 shares of the company’s stock after acquiring an additional 20,672 shares during the period. JPMorgan Ultra-Short Income ETF comprises 12.3% of Paradigm Capital Management LLC NV’s holdings, making the stock its biggest position. Paradigm Capital Management LLC NV’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,445,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in JPMorgan Ultra-Short Income ETF by 10.1% in the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after purchasing an additional 9,729,791 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 568.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock valued at $393,694,000 after purchasing an additional 6,617,940 shares in the last quarter. Bank of America Corp DE grew its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the period. LPL Financial LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after purchasing an additional 1,459,312 shares during the period. Finally, Morgan Stanley increased its stake in shares of JPMorgan Ultra-Short Income ETF by 2.4% during the fourth quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after purchasing an additional 1,449,509 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.48 on Friday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.39 and a 52 week high of $50.79. The firm has a 50-day simple moving average of $50.49 and a 200-day simple moving average of $50.57. The stock has a market capitalization of $39.90 billion, a P/E ratio of 109.74 and a beta of 0.01.

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.