JPMorgan Ultra-Short Income ETF $JPST Holdings Boosted by Paragon Advisors LLC

Paragon Advisors LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 28.7% in the 3rd quarter, Holdings Channel reports. The fund owned 88,486 shares of the company’s stock after acquiring an additional 19,708 shares during the quarter. Paragon Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in JPST. IMZ Advisory Inc increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 0.7% in the third quarter. IMZ Advisory Inc now owns 575,722 shares of the company’s stock valued at $28,999,000 after purchasing an additional 3,880 shares during the period. Endowment Wealth Management Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 14.8% during the third quarter. Endowment Wealth Management Inc. now owns 110,697 shares of the company’s stock worth $5,576,000 after purchasing an additional 14,258 shares during the last quarter. Formidable Asset Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.3% during the third quarter. Formidable Asset Management LLC now owns 79,913 shares of the company’s stock worth $4,041,000 after purchasing an additional 6,132 shares during the period. Parallel Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.3% during the third quarter. Parallel Advisors LLC now owns 78,657 shares of the company’s stock worth $3,962,000 after purchasing an additional 7,346 shares during the period. Finally, Guidance Capital Inc. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.0% during the third quarter. Guidance Capital Inc. now owns 32,665 shares of the company’s stock worth $1,642,000 after purchasing an additional 338 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.30 on Monday. The firm’s fifty day moving average price is $50.34 and its 200 day moving average price is $50.49. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.20 and a 1-year high of $50.79. The firm has a market cap of $42.55 billion, a price-to-earnings ratio of 109.35 and a beta of 0.02.

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.