Bank of America Corp DE Sells 279,751 Shares of JPMorgan Ultra-Short Income ETF $JPST

Bank of America Corp DE decreased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,027,226 shares of the company’s stock after selling 279,751 shares during the period. Bank of America Corp DE owned 2.37% of JPMorgan Ultra-Short Income ETF worth $813,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPST. Rossmore Private Capital bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $25,000. Cardiff Park Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $25,000. MGB Wealth Management LLC bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $30,000. Brentview Investment Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $35,000. Finally, Silicon Valley Capital Partners acquired a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $37,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.53 on Tuesday. The firm has a fifty day moving average of $50.66 and a two-hundred day moving average of $50.67. The stock has a market capitalization of $36.26 billion, a price-to-earnings ratio of 109.85 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed 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) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date 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.