Adventist Health System Sunbelt Healthcare Corp Grows Holdings in JPMorgan Ultra-Short Income ETF $JPST

Adventist Health System Sunbelt Healthcare Corp increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 89.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,891,700 shares of the company’s stock after acquiring an additional 891,700 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 4.2% of Adventist Health System Sunbelt Healthcare Corp’s investment portfolio, making the stock its 9th biggest position. Adventist Health System Sunbelt Healthcare Corp owned approximately 0.28% of JPMorgan Ultra-Short Income ETF worth $95,966,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPST. JPMorgan Chase & Co. increased its position in shares of 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 valued at $4,907,764,000 after purchasing an additional 7,786,258 shares during the period. Bank of America Corp DE lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.3% in 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 buying an additional 2,162,615 shares during the period. Charles Schwab Investment Management Inc. boosted its stake 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 buying 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 worth $469,487,000 after acquiring 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 worth $358,734,000 after acquiring an additional 232,920 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of NYSEARCA JPST opened at $50.75 on Tuesday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The firm has a 50-day moving average of $50.68 and a two-hundred day moving average of $50.67. The company has a market capitalization of $36.42 billion, a price-to-earnings ratio of 110.33 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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