Norden Group LLC Sells 9,913 Shares of JPMorgan Ultra-Short Income ETF $JPST

Norden Group LLC lowered its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,098 shares of the company’s stock after selling 9,913 shares during the quarter. Norden Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in JPMorgan Ultra-Short Income ETF by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after purchasing an additional 7,786,258 shares during the last quarter. Temasek Holdings Private Ltd acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $300,296,000. Bank of America Corp DE raised its stake in shares of 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 27.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock worth $244,438,000 after purchasing an additional 1,044,337 shares in the last quarter. Finally, Kensington Asset Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1,382.7% in the 3rd quarter. Kensington Asset Management LLC now owns 1,080,232 shares of the company’s stock valued at $54,800,000 after buying an additional 1,007,375 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.1%

NYSEARCA:JPST opened at $50.52 on Friday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.79. The firm has a fifty day simple moving average of $50.65 and a 200 day simple moving average of $50.66. The stock has a market capitalization of $36.26 billion, a PE ratio of 109.83 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.172 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 478.26%.

JPMorgan Ultra-Short Income ETF 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.