JPMorgan Ultra-Short Income ETF $JPST is Quadrant Capital Group LLC’s 6th Largest Position

Quadrant Capital Group LLC trimmed its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,504,097 shares of the company’s stock after selling 163,132 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 2.5% of Quadrant Capital Group LLC’s portfolio, making the stock its 6th biggest holding. Quadrant Capital Group LLC owned approximately 0.22% of JPMorgan Ultra-Short Income ETF worth $76,303,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evensky & Katz LLC raised its stake in JPMorgan Ultra-Short Income ETF by 4.2% in the 3rd quarter. Evensky & Katz LLC now owns 505,985 shares of the company’s stock valued at $25,669,000 after purchasing an additional 20,279 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 10.7% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 597,737 shares of the company’s stock worth $30,323,000 after purchasing an additional 57,755 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 6.0% during the 3rd quarter. Private Advisor Group LLC now owns 1,155,391 shares of the company’s stock worth $58,613,000 after purchasing an additional 65,198 shares during the last quarter. Flavin Financial Services Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 109.1% during the third quarter. Flavin Financial Services Inc. now owns 169,845 shares of the company’s stock worth $8,616,000 after buying an additional 88,637 shares in the last quarter. Finally, Certified Advisory Corp grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.3% during the third quarter. Certified Advisory Corp now owns 66,624 shares of the company’s stock worth $3,380,000 after buying an additional 4,504 shares in the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.57 on Wednesday. The firm has a market cap of $36.29 billion, a PE ratio of 109.93 and a beta of 0.01. The firm has a 50 day simple moving average of $50.67 and a 200-day simple moving average of $50.67. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a $0.1648 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 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.