ProCore Advisors LLC Makes New Investment in JPMorgan Ultra-Short Income ETF $JPST

ProCore Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,859 shares of the company’s stock, valued at approximately $1,106,000. JPMorgan Ultra-Short Income ETF makes up approximately 1.1% of ProCore Advisors LLC’s portfolio, making the stock its 19th biggest holding.

Several other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in 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 worth $4,907,764,000 after acquiring an additional 7,786,258 shares in the last quarter. Bank of America Corp DE boosted its holdings 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 worth $826,438,000 after acquiring an additional 2,162,615 shares in the last quarter. HB Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 4.7% in the third quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock worth $469,487,000 after acquiring an additional 413,847 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings 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 valued at $358,734,000 after purchasing an additional 232,920 shares in the last quarter. Finally, Temasek Holdings Private Ltd bought a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at $300,296,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.48 on Wednesday. The company has a market cap of $37.46 billion, a P/E ratio of 109.74 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The stock’s fifty day moving average price is $50.61 and its 200-day moving average price is $50.65.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.172 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is presently 473.91%.

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.