Parallel Advisors LLC Has $935,000 Holdings in JPMorgan Ultra-Short Income ETF (JPST)

Parallel Advisors LLC cut its position in shares of JPMorgan Ultra-Short Income ETF (BATS:JPST) by 55.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 18,590 shares of the company’s stock after selling 22,923 shares during the period. Parallel Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $935,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 188.8% in the 4th quarter. Bank of America Corp DE now owns 8,672,647 shares of the company’s stock valued at $434,760,000 after purchasing an additional 5,669,288 shares during the period. Morgan Stanley grew its holdings in JPMorgan Ultra-Short Income ETF by 84.2% during the third quarter. Morgan Stanley now owns 3,116,031 shares of the company’s stock valued at $156,268,000 after purchasing an additional 1,424,461 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in JPMorgan Ultra-Short Income ETF by 501.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,195,085 shares of the company’s stock valued at $59,910,000 after purchasing an additional 996,392 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $49,913,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $46,867,000.

Shares of JPST stock opened at $50.34 on Tuesday.

The business also recently declared a monthly dividend, which was paid on Friday, May 3rd. Shareholders of record on Wednesday, May 1st were issued a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Tuesday, April 30th. This is an increase from JPMorgan Ultra-Short Income ETF’s previous monthly dividend of $0.11.

TRADEMARK VIOLATION WARNING: “Parallel Advisors LLC Has $935,000 Holdings in JPMorgan Ultra-Short Income ETF (JPST)” was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.thelincolnianonline.com/2019/05/07/parallel-advisors-llc-has-935000-holdings-in-jpmorgan-ultra-short-income-etf-jpst.html.

See Also: Differences Between Momentum Investing and Long Term Investing

Want to see what other hedge funds are holding JPST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Ultra-Short Income ETF (BATS:JPST).

Institutional Ownership by Quarter for JPMorgan Ultra-Short Income ETF (BATS:JPST)

Receive News & Ratings for JPMorgan Ultra-Short Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Ultra-Short Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.