WJ Wealth Management LLC Cuts Position in JPMorgan Ultra-Short Income ETF $JPST

WJ Wealth Management LLC lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 22.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 369,265 shares of the company’s stock after selling 107,855 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 8.0% of WJ Wealth Management LLC’s portfolio, making the stock its largest position. WJ Wealth Management LLC owned 0.05% of JPMorgan Ultra-Short Income ETF worth $18,748,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 8.8% during the 3rd 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. Temasek Holdings Private Ltd bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $300,296,000. Bank of America Corp DE raised its position 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 worth $826,438,000 after purchasing an additional 2,162,615 shares during the period. RiverFront Investment Group LLC raised its position in JPMorgan Ultra-Short Income ETF by 941.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after purchasing an additional 1,138,031 shares during the period. Finally, Foster Dykema Cabot & Partners LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 42.2% in the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock worth $193,336,000 after purchasing an additional 1,132,264 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.57 on Wednesday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The business has a 50 day simple moving average of $50.66 and a two-hundred day simple moving average of $50.67. The firm has a market capitalization of $36.29 billion, a PE ratio of 109.93 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.1648 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, March 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.