JPMorgan Ultra-Short Income ETF $JPST Holdings Cut by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. decreased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.1% during the 3rd quarter, Holdings Channel reports. The firm owned 1,808,071 shares of the company’s stock after selling 118,030 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 6.3% of Bridgewater Advisors Inc.’s investment portfolio, making the stock its largest position. Bridgewater Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $91,525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of JPST. JPMorgan Chase & Co. raised 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 valued at $4,907,764,000 after acquiring an additional 7,786,258 shares during the last quarter. Bank of America Corp DE raised 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 purchasing an additional 2,162,615 shares during the last quarter. RiverFront Investment Group LLC raised its stake 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 valued at $63,800,000 after purchasing an additional 1,138,031 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 42.2% in the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after purchasing an additional 1,132,264 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in JPMorgan Ultra-Short Income ETF by 27.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock worth $244,438,000 after purchasing an additional 1,044,337 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPMorgan Ultra-Short Income ETF stock opened at $50.72 on Friday. The company has a fifty day simple moving average of $50.68 and a 200-day simple moving average of $50.67. The firm has a market capitalization of $36.40 billion, a price-to-earnings ratio of 110.26 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-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. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is presently 482.61%.

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.