JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Cornerstone Advisory LLC

Cornerstone Advisory LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 197,633 shares of the company’s stock after acquiring an additional 18,687 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 1.0% of Cornerstone Advisory LLC’s portfolio, making the stock its 26th biggest position. Cornerstone Advisory LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,026,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Rossmore Private Capital purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $25,000. Brentview Investment Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $35,000. Silicon Valley Capital Partners purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth approximately $37,000. American National Bank & Trust acquired a new stake in JPMorgan Ultra-Short Income ETF during the third quarter worth $38,000. Finally, Quaker Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after acquiring an additional 1,906 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.71 on Tuesday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79. The business’s fifty day simple moving average is $50.68 and its 200-day simple moving average is $50.67. The firm has a market cap of $36.39 billion, a PE ratio of 110.24 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.172 dividend. The ex-dividend date of this dividend 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 is presently 482.61%.

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.