JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 26.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,444,997 shares of the company’s stock after buying an additional 300,174 shares during the period. Jones Financial Companies Lllp’s holdings in JPMorgan Ultra-Short Income ETF were worth $73,319,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the last quarter. RiverFront Investment Group LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 941.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after buying an additional 1,138,031 shares in the last quarter. Foster Dykema Cabot & Partners LLC grew its stake in JPMorgan Ultra-Short Income ETF by 42.2% in the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after acquiring an additional 1,132,264 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in JPMorgan Ultra-Short Income ETF by 27.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock valued at $244,438,000 after acquiring an additional 1,044,337 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in JPMorgan Ultra-Short Income ETF by 34.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,990,344 shares of the company’s stock worth $202,169,000 after acquiring an additional 1,027,118 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.61 on Tuesday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The business has a 50 day moving average price of $50.67 and a 200 day moving average price of $50.66. The company has a market capitalization of $36.32 billion, a P/E ratio of 110.02 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd will be given a $0.172 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is currently 486.96%.

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.