Paragon Private Wealth Management LLC Grows Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Paragon Private Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 119,802 shares of the company’s stock after buying an additional 11,843 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 1.6% of Paragon Private Wealth Management LLC’s holdings, making the stock its 14th largest holding. Paragon Private Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,058,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPST. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Sittner & Nelson LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $30,000. Motiv8 Investments LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $32,000. Beacon Financial Strategies CORP bought a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $34,000. Finally, TD Private Client Wealth LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 89.1% in the 4th quarter. TD Private Client Wealth LLC now owns 743 shares of the company’s stock worth $38,000 after purchasing an additional 350 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.37 on Thursday. The company has a market capitalization of $40.28 billion, a price-to-earnings ratio of 109.50 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.35 and a one year high of $50.79. The company’s 50-day moving average is $50.48 and its 200 day moving average is $50.52.

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.