WCG Wealth Advisors LLC Has $12.90 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

WCG Wealth Advisors LLC lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 254,352 shares of the company’s stock after selling 35,252 shares during the period. WCG Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,903,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after buying an additional 7,786,258 shares in the last quarter. Temasek Holdings Private Ltd bought a new stake in JPMorgan Ultra-Short Income ETF during the third quarter worth $300,296,000. Bank of America Corp DE lifted its stake in JPMorgan Ultra-Short Income ETF by 15.3% in 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 acquiring an additional 2,162,615 shares during the last quarter. RiverFront Investment Group LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 941.7% in the second quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock valued at $63,800,000 after acquiring an additional 1,138,031 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC grew its position in shares of 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 acquiring an additional 1,132,264 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.52 on Friday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79. The company has a market capitalization of $36.26 billion, a P/E ratio of 109.83 and a beta of 0.01. The company has a 50-day simple moving average of $50.66 and a 200 day simple moving average of $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.1648 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is presently 478.26%.

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.