Adamsbrown Wealth Consultants LLC Decreases Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Adamsbrown Wealth Consultants LLC reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 24.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,725 shares of the company’s stock after selling 17,084 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 0.7% of Adamsbrown Wealth Consultants LLC’s investment portfolio, making the stock its 22nd largest position. Adamsbrown Wealth Consultants LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,617,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew 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 buying an additional 7,786,258 shares during the period. Temasek Holdings Private Ltd purchased a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $300,296,000. Bank of America Corp DE raised its holdings in 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 buying an additional 2,162,615 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in JPMorgan Ultra-Short Income ETF by 27.6% in 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 buying an additional 1,044,337 shares during the last quarter. Finally, Kensington Asset Management LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 1,382.7% in the 3rd quarter. Kensington Asset Management LLC now owns 1,080,232 shares of the company’s stock valued at $54,800,000 after acquiring an additional 1,007,375 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.52 on Friday. The firm has a market cap of $36.26 billion, a P/E ratio of 109.83 and a beta of 0.01. The firm’s 50 day moving average price is $50.65 and its 200-day moving average price is $50.66. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.172 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 478.26%.

JPMorgan Ultra-Short Income ETF Company 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.