JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Diversified Trust Co.

Diversified Trust Co. raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 511.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,899 shares of the company’s stock after purchasing an additional 32,539 shares during the quarter. Diversified Trust Co.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,968,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after purchasing an additional 7,786,258 shares during the period. Bank of America Corp DE increased its stake 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. HB Wealth Management LLC raised its position in JPMorgan Ultra-Short Income ETF by 4.7% during the 3rd quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock worth $469,487,000 after buying an additional 413,847 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in JPMorgan Ultra-Short Income ETF by 3.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,086,795 shares of the company’s stock worth $358,734,000 after buying an additional 232,920 shares during the last quarter. Finally, Temasek Holdings Private Ltd acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $300,296,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of NYSEARCA:JPST opened at $50.56 on Thursday. The company has a market cap of $36.28 billion, a price-to-earnings ratio of 109.91 and a beta of 0.01. The firm’s 50-day simple moving average is $50.65 and its 200-day simple moving average is $50.66. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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