Quadrant Capital Group LLC Sells 163,132 Shares of JPMorgan Ultra-Short Income ETF $JPST

Quadrant Capital Group LLC trimmed its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,504,097 shares of the company’s stock after selling 163,132 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 2.5% of Quadrant Capital Group LLC’s holdings, making the stock its 6th biggest holding. Quadrant Capital Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $76,303,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake 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 valued at $4,907,764,000 after acquiring an additional 7,786,258 shares during the period. Bank of America Corp DE boosted its position in JPMorgan Ultra-Short Income ETF by 15.3% during 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 boosted its position in JPMorgan Ultra-Short Income ETF by 941.7% during 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. Foster Dykema Cabot & Partners LLC increased 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. increased its holdings in JPMorgan Ultra-Short Income ETF by 27.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock valued at $244,438,000 after purchasing an additional 1,044,337 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.57 on Wednesday. The business’s 50-day moving average is $50.67 and its two-hundred day moving average is $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 has a 12 month low of $50.30 and a 12 month high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1648 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 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.