JPMorgan Ultra-Short Income ETF $JPST Stock Sold by Paradigm Strategies in Wealth Management LLC

Paradigm Strategies in Wealth Management LLC decreased its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 207,396 shares of the company’s stock after selling 37,567 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 7.0% of Paradigm Strategies in Wealth Management LLC’s portfolio, making the stock its 5th largest position. Paradigm Strategies in Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,447,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JPST. Nicholson Meyer Capital Management Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 0.9% in the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after buying an additional 202 shares during the last quarter. Whipplewood Advisors LLC increased its position in JPMorgan Ultra-Short Income ETF by 1.2% in the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after buying an additional 227 shares during the period. Blueline Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 9.2% during the third quarter. Blueline Advisors LLC now owns 2,746 shares of the company’s stock worth $138,000 after buying an additional 232 shares during the last quarter. Vista Cima Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 0.7% during the second quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock worth $1,766,000 after buying an additional 239 shares during the last quarter. Finally, Secured Retirement Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.1% during the first quarter. Secured Retirement Advisors LLC now owns 5,003 shares of the company’s stock worth $253,000 after buying an additional 243 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST traded up $0.02 during mid-day trading on Friday, hitting $50.34. The company’s stock had a trading volume of 7,060,943 shares, compared to its average volume of 6,847,523. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.79. The firm has a market capitalization of $42.52 billion, a PE ratio of 109.43 and a beta of 0.01. The stock’s 50-day moving average is $50.39 and its two-hundred day moving average is $50.46.

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.