US Bancorp DE Lowers Stock Position in JPMorgan Ultra-Short Income ETF $JPST

US Bancorp DE trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 63.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,258 shares of the company’s stock after selling 22,742 shares during the quarter. US Bancorp DE’s holdings in JPMorgan Ultra-Short Income ETF were worth $673,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPST. Millennium Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after buying an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth about $3,603,000. Moors & Cabot Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 19.5% during the second quarter. Moors & Cabot Inc. now owns 8,603 shares of the company’s stock worth $436,000 after buying an additional 1,405 shares during the last quarter. First Horizon Advisors Inc. increased its position in JPMorgan Ultra-Short Income ETF by 7.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,965 shares of the company’s stock valued at $201,000 after acquiring an additional 265 shares during the period. Finally, Wedbush Securities Inc. increased its position in JPMorgan Ultra-Short Income ETF by 70.4% in the 2nd quarter. Wedbush Securities Inc. now owns 45,064 shares of the company’s stock valued at $2,284,000 after acquiring an additional 18,616 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

JPST opened at $50.56 on Monday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79. The business has a 50 day moving average price of $50.68 and a two-hundred day moving average price of $50.67. The company has a market cap of $36.28 billion, a PE ratio of 109.91 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.1648 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 478.26%.

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.