Flagship Harbor Advisors LLC Has $27.29 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

Flagship Harbor Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 537,916 shares of the company’s stock after buying an additional 21,688 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 1.2% of Flagship Harbor Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Flagship Harbor Advisors LLC owned about 0.08% of JPMorgan Ultra-Short Income ETF worth $27,289,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JPST. Bank of America Corp DE raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the second 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 period. Charles Schwab Investment Management Inc. increased its position in JPMorgan Ultra-Short Income ETF by 0.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock valued at $562,208,000 after buying an additional 94,082 shares in the last quarter. HB Wealth Management LLC increased its position in JPMorgan Ultra-Short Income ETF by 4.7% in the 3rd quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock valued at $469,487,000 after buying an additional 413,847 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake 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 period. Finally, Cerity Partners LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 5.6% in the second quarter. Cerity Partners LLC now owns 5,231,134 shares of the company’s stock worth $265,114,000 after acquiring an additional 279,573 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

NYSEARCA JPST opened at $50.62 on Thursday. The company has a market cap of $36.33 billion, a price-to-earnings ratio of 110.04 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. The business has a 50 day moving average price of $50.67 and a 200-day moving average price of $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.172 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is 482.61%.

About JPMorgan Ultra-Short Income ETF

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.