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

Paradigm Capital Management LLC NV boosted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 265,661 shares of the company’s stock after purchasing an additional 20,672 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 12.3% of Paradigm Capital Management LLC NV’s portfolio, 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 filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of JPST. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after buying an additional 9,729,791 shares during the period. Morgan Stanley increased its position in shares of JPMorgan Ultra-Short Income ETF by 2.4% in the 4th quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock valued at $3,109,705,000 after acquiring an additional 1,449,509 shares during the period. LPL Financial LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after acquiring an additional 1,459,312 shares during the period. Bank of America Corp DE raised its stake in JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock worth $579,023,000 after acquiring an additional 194,855 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.48 on Friday. The stock has a 50-day moving average of $50.49 and a two-hundred day moving average of $50.57. The stock has a market cap of $39.90 billion, a P/E ratio of 109.74 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.39 and a one year high of $50.79.

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.