Steinberg Global Asset Management Boosts Holdings in JPMorgan Ultra-Short Income ETF (JPST)

Steinberg Global Asset Management raised its holdings in shares of JPMorgan Ultra-Short Income ETF (BATS:JPST) by 1,283.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 295,477 shares of the company’s stock after purchasing an additional 274,123 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 2.0% of Steinberg Global Asset Management’s portfolio, making the stock its 8th largest holding. Steinberg Global Asset Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,784,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 188.8% during the fourth quarter. Bank of America Corp DE now owns 8,672,647 shares of the company’s stock valued at $434,760,000 after purchasing an additional 5,669,288 shares during the period. Morgan Stanley lifted its stake in JPMorgan Ultra-Short Income ETF by 84.2% in the third quarter. Morgan Stanley now owns 3,116,031 shares of the company’s stock worth $156,268,000 after acquiring an additional 1,424,461 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 501.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,195,085 shares of the company’s stock worth $59,910,000 after acquiring an additional 996,392 shares during the period. Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $49,913,000. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $46,867,000.

Shares of BATS:JPST opened at $50.35 on Wednesday.

The business also recently declared a monthly dividend, which was paid on Friday, May 3rd. Stockholders of record on Wednesday, May 1st were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This is an increase from JPMorgan Ultra-Short Income ETF’s previous monthly dividend of $0.11. This represents a $1.50 annualized dividend and a dividend yield of 2.98%.

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Institutional Ownership by Quarter for JPMorgan Ultra-Short Income ETF (BATS:JPST)

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