Comerica Bank Buys 100,177 Shares of JPMorgan Ultra-Short Income ETF $JPST

Comerica Bank lifted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 36.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 378,570 shares of the company’s stock after acquiring an additional 100,177 shares during the quarter. Comerica Bank owned 0.05% of JPMorgan Ultra-Short Income ETF worth $19,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $25,000. Rossmore Private Capital bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $25,000. MGB Wealth Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $30,000. American National Bank & Trust bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $38,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $38,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

Shares of NYSEARCA JPST opened at $50.59 on Tuesday. The firm has a 50 day moving average of $50.57 and a 200 day moving average of $50.64. The firm has a market capitalization of $37.64 billion, a price-to-earnings ratio of 109.98 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month high of $50.79.

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 given a dividend of $0.172 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is 473.91%.

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.