N.E.W. Advisory Services LLC Boosts Stake in JPMorgan Ultra-Short Income ETF $JPST

N.E.W. Advisory Services LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,157,721 shares of the company’s stock after acquiring an additional 54,022 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 4.3% of N.E.W. Advisory Services LLC’s portfolio, making the stock its 5th biggest position. N.E.W. Advisory Services LLC owned about 0.16% of JPMorgan Ultra-Short Income ETF worth $58,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in JPST. JPMorgan Chase & Co. increased its stake in JPMorgan Ultra-Short Income ETF by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after acquiring an additional 7,786,258 shares during the period. Temasek Holdings Private Ltd bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $300,296,000. Bank of America Corp DE increased its stake 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 period. Kensington Asset Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 1,382.7% during the 3rd quarter. Kensington Asset Management LLC now owns 1,080,232 shares of the company’s stock worth $54,800,000 after acquiring an additional 1,007,375 shares during the period. Finally, Adventist Health System Sunbelt Healthcare Corp increased its stake in JPMorgan Ultra-Short Income ETF by 89.2% during the 3rd quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,891,700 shares of the company’s stock worth $95,966,000 after acquiring an additional 891,700 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.57 on Friday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.41 and a 52-week high of $50.79. The business’s fifty day moving average is $50.58 and its 200-day moving average is $50.64. The firm has a market cap of $37.62 billion, a price-to-earnings ratio of 109.93 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.172 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 473.91%.

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.