JPMorgan Ultra-Short Income ETF $JPST is Wealth Advisors of Tampa Bay LLC’s 4th Largest Position

Wealth Advisors of Tampa Bay LLC grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,829 shares of the company’s stock after acquiring an additional 33,583 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 3.4% of Wealth Advisors of Tampa Bay LLC’s portfolio, making the stock its 4th largest holding. Wealth Advisors of Tampa Bay LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,087,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. 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 worth $4,907,764,000 after purchasing an additional 7,786,258 shares in the last quarter. Bank of America Corp DE lifted its position in JPMorgan Ultra-Short Income ETF by 15.3% during the second 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in JPMorgan Ultra-Short Income ETF by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock valued at $562,208,000 after purchasing an additional 94,082 shares in the last quarter. HB Wealth Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 4.7% during the third quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock valued at $469,487,000 after purchasing an additional 413,847 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 3.4% during the third 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 period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.52 on Friday. The business has a 50-day simple moving average of $50.66 and a two-hundred day simple moving average of $50.67. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79. The stock has a market cap of $36.26 billion, a price-to-earnings ratio of 109.83 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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

About JPMorgan Ultra-Short Income ETF

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.