JPMorgan Ultra-Short Income ETF $JPST Holdings Cut by Paradigm Strategies in Wealth Management LLC

Paradigm Strategies in Wealth Management LLC cut its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,309 shares of the company’s stock after selling 20,580 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 10.7% of Paradigm Strategies in Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. Paradigm Strategies in Wealth Management LLC owned about 0.05% of JPMorgan Ultra-Short Income ETF worth $16,385,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JPST. Temasek Holdings Private Ltd purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at $842,655,000. JPMorgan Chase & Co. raised its position in shares of JPMorgan Ultra-Short Income ETF by 2.7% during the 1st quarter. JPMorgan Chase & Co. now owns 100,114,408 shares of the company’s stock valued at $5,068,793,000 after buying an additional 2,598,084 shares in the last quarter. LPL Financial LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 19.4% during the 1st quarter. LPL Financial LLC now owns 15,159,206 shares of the company’s stock valued at $767,511,000 after buying an additional 2,464,430 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 22.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after buying an additional 1,265,522 shares in the last quarter. Finally, Fountainhead AM LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 153.9% during the 1st quarter. Fountainhead AM LLC now owns 1,799,998 shares of the company’s stock valued at $91,134,000 after buying an additional 1,091,012 shares in the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.77 on Wednesday. The firm’s fifty day moving average price is $50.68 and its 200-day moving average price is $50.59. The stock has a market cap of $34.29 billion, a P/E ratio of 110.37 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.77.

About JPMorgan Ultra-Short Income ETF

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.