Aprio Wealth Management LLC Increases Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Aprio Wealth Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 353.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,783 shares of the company’s stock after purchasing an additional 107,421 shares during the quarter. Aprio Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,970,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JPST. JPMorgan Chase & Co. lifted its stake in 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 in the last quarter. Bank of America Corp DE grew its holdings in 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 during the last quarter. UBS Group AG increased its position in JPMorgan Ultra-Short Income ETF by 5.9% during the fourth quarter. UBS Group AG now owns 9,469,398 shares of the company’s stock worth $479,057,000 after buying an additional 531,080 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.5% in the fourth quarter. HB Wealth Management LLC now owns 9,443,109 shares of the company’s stock worth $475,272,000 after acquiring an additional 140,546 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 3.4% in 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 last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.60 on Monday. The company has a market capitalization of $37.64 billion, a P/E ratio of 110.00 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.41 and a 52-week high of $50.79. The stock’s fifty day simple moving average is $50.58 and its 200-day simple moving average is $50.64.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced 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) annualized dividend and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 473.91%.

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.