Paragon Private Wealth Management LLC Acquires 11,843 Shares of JPMorgan Ultra-Short Income ETF $JPST

Paragon Private Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,802 shares of the company’s stock after acquiring an additional 11,843 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 1.6% of Paragon Private Wealth Management LLC’s portfolio, making the stock its 14th biggest position. Paragon Private Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,058,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Buck Wealth Strategies LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.3% during the 4th quarter. Buck Wealth Strategies LLC now owns 283,986 shares of the company’s stock worth $14,367,000 after acquiring an additional 19,402 shares during the period. Greenwood Gearhart Inc. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 13.8% during the fourth quarter. Greenwood Gearhart Inc. now owns 1,587,784 shares of the company’s stock valued at $80,326,000 after purchasing an additional 192,915 shares in the last quarter. Prosperitas Financial LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $1,874,000. TPG Financial Advisors LLC grew its stake in JPMorgan Ultra-Short Income ETF by 60.0% in the fourth quarter. TPG Financial Advisors LLC now owns 48,492 shares of the company’s stock worth $2,453,000 after purchasing an additional 18,183 shares during the period. Finally, Investment Advisory Services Group LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $9,437,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPST opened at $50.37 on Thursday. The company has a market cap of $40.28 billion, a price-to-earnings ratio of 109.50 and a beta of 0.01. The stock has a fifty day simple moving average of $50.48 and a two-hundred day simple moving average of $50.52. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.35 and a 12-month 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.