Paradigm Strategies in Wealth Management LLC Sells 37,567 Shares of JPMorgan Ultra-Short Income ETF $JPST

Paradigm Strategies in Wealth Management LLC decreased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 207,396 shares of the company’s stock after selling 37,567 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 7.0% of Paradigm Strategies in Wealth Management LLC’s portfolio, making the stock its 5th biggest 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.

A number of other institutional investors have also recently bought and sold shares of the company. Surience Private Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $490,000. Sherman Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 30.5% in the 3rd quarter. Sherman Wealth Management LLC now owns 162,809 shares of the company’s stock worth $8,201,000 after purchasing an additional 38,084 shares during the last quarter. Patriot Investment Management Group Inc. boosted its position in JPMorgan Ultra-Short Income ETF by 35.7% during the third quarter. Patriot Investment Management Group Inc. now owns 10,613 shares of the company’s stock worth $535,000 after purchasing an additional 2,792 shares during the period. ACT Advisors LLC. boosted its position in JPMorgan Ultra-Short Income ETF by 0.8% during the third quarter. ACT Advisors LLC. now owns 503,937 shares of the company’s stock worth $25,383,000 after purchasing an additional 3,824 shares during the period. Finally, Ellsworth Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 2.0% during the third quarter. Ellsworth Advisors LLC now owns 67,808 shares of the company’s stock worth $3,416,000 after purchasing an additional 1,311 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPST stock traded up $0.02 during midday trading on Friday, hitting $50.34. 7,060,943 shares of the company traded hands, compared to its average volume of 6,847,523. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month high of $50.79. The business has a 50 day simple moving average of $50.39 and a 200-day simple moving average of $50.46. The stock has a market capitalization of $42.52 billion, a price-to-earnings ratio of 109.43 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.