Southeast Asset Advisors LLC Lowers Position in JPMorgan Ultra-Short Income ETF $JPST

Southeast Asset Advisors LLC decreased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,943 shares of the company’s stock after selling 20,291 shares during the period. Southeast Asset Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,954,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.8% in 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 in the last quarter. Bank of America Corp DE lifted 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 buying an additional 2,162,615 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in JPMorgan Ultra-Short Income ETF by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock worth $562,208,000 after buying an additional 94,082 shares in the last quarter. HB Wealth Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 4.7% during the third quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock valued at $469,487,000 after acquiring an additional 413,847 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 3.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,086,795 shares of the company’s stock worth $358,734,000 after acquiring an additional 232,920 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.71 on Monday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The firm has a market cap of $36.39 billion, a price-to-earnings ratio of 110.24 and a beta of 0.01. The firm has a 50 day moving average price of $50.67 and a 200-day moving average price of $50.67.

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 given a dividend of $0.172 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is presently 482.61%.

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.