JPMorgan Ultra-Short Income ETF $JPST Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 17.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 256,551 shares of the company’s stock after buying an additional 38,802 shares during the period. Merit Financial Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brentview Investment Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at $35,000. Silicon Valley Capital Partners bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at about $37,000. Quaker Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 173.1% in the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after purchasing an additional 1,906 shares during the period. Vestor Capital LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $41,000. Finally, Capital A Wealth Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $42,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of NYSEARCA:JPST opened at $50.71 on Tuesday. The company has a 50 day moving average of $50.68 and a 200-day moving average of $50.67. The firm has a market cap of $36.39 billion, a P/E ratio of 110.24 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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