Insight 2811 Inc. Sells 27,715 Shares of JPMorgan Ultra-Short Income ETF $JPST

Insight 2811 Inc. reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 35.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 51,572 shares of the company’s stock after selling 27,715 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 1.2% of Insight 2811 Inc.’s portfolio, making the stock its 13th largest holding. Insight 2811 Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,616,000 as of its most recent SEC filing.

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

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.68 on Friday. The firm has a market cap of $36.37 billion, a price-to-earnings ratio of 110.17 and a beta of 0.01. The stock’s 50 day simple moving average is $50.67 and its 200 day simple moving average is $50.67. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.172 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 482.61%.

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.