Paradigm Strategies in Wealth Management LLC Has $13.22 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

Paradigm Strategies in Wealth Management LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 261,146 shares of the company’s stock after selling 32,158 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 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 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Nicholson Meyer Capital Management Inc. raised its holdings in shares of 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 valued at $1,128,000 after buying an additional 202 shares in the last quarter. Lakeridge Wealth Management LLC boosted its stake 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 worth $241,000 after buying an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 worth $434,000 after buying an additional 221 shares in the last quarter. Whipplewood Advisors LLC grew its position in 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 acquiring an additional 227 shares during the last quarter. Finally, Keel Point LLC grew its position in 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 acquiring an additional 239 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.50 on Friday. The company has a market capitalization of $40.02 billion, a PE ratio of 109.78 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. The company’s 50 day moving average price is $50.49 and its two-hundred day moving average price is $50.57.

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.