Paradigm Strategies in Wealth Management LLC lessened its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 11.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 261,146 shares of the company’s stock after selling 32,158 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 9.0% of Paradigm Strategies in Wealth Management LLC’s holdings, making the stock its 5th largest holding. Paradigm Strategies in Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,217,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Nicholson Meyer Capital Management Inc. grew its position in JPMorgan Ultra-Short Income ETF by 0.9% during the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock worth $1,128,000 after acquiring an additional 202 shares during the last quarter. Lakeridge Wealth Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 4.5% in the fourth quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after purchasing an additional 206 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 2.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after purchasing an additional 221 shares during the last quarter. Whipplewood Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 1.2% during the first quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock valued at $936,000 after purchasing an additional 227 shares during the period. Finally, Keel Point LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after purchasing an additional 239 shares during the period. 2.17% of the stock is currently owned by hedge funds and other institutional investors.
JPMorgan Ultra-Short Income ETF Stock Performance
Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.39 and a 52-week high of $50.79. The company’s 50 day moving average price is $50.49 and its 200-day moving average price is $50.57. The stock has a market capitalization of $40.02 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01.
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.
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