UBS Group AG Sells 387,947 Shares of JPMorgan Ultra-Short Income ETF $JPST

UBS Group AG decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,938,318 shares of the company’s stock after selling 387,947 shares during the quarter. UBS Group AG owned approximately 1.32% of JPMorgan Ultra-Short Income ETF worth $453,441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after buying an additional 7,786,258 shares during the last quarter. Bank of America Corp DE grew its holdings in JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock worth $562,208,000 after acquiring an additional 94,082 shares during the last quarter. HB Wealth Management LLC increased its position in JPMorgan Ultra-Short Income ETF by 4.7% in the 3rd quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock valued at $469,487,000 after acquiring an additional 413,847 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in JPMorgan Ultra-Short Income ETF by 3.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,086,795 shares of the company’s stock valued at $358,734,000 after acquiring an additional 232,920 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST traded up $0.02 during trading on Friday, reaching $50.54. The company had a trading volume of 1,635,225 shares, compared to its average volume of 6,893,548. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79. The business’s 50 day moving average price is $50.67 and its 200-day moving average price is $50.67. The stock has a market cap of $36.27 billion, a PE ratio of 109.87 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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