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

N.E.W. Advisory Services LLC grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,157,721 shares of the company’s stock after purchasing an additional 54,022 shares during the period. JPMorgan Ultra-Short Income ETF makes up 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’s holdings in JPMorgan Ultra-Short Income ETF were worth $58,569,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after purchasing an additional 7,786,258 shares during the last quarter. Bank of America Corp DE increased its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd 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. HB Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 1.5% in the 4th quarter. HB Wealth Management LLC now owns 9,443,109 shares of the company’s stock valued at $475,272,000 after purchasing an additional 140,546 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of 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 purchasing an additional 232,920 shares during the last quarter. Finally, Temasek Holdings Private Ltd bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $300,296,000. 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. 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 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.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.172 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 473.91%.

JPMorgan Ultra-Short Income ETF 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.