Diversify Wealth Management LLC Boosts Stake in JPMorgan Ultra-Short Income ETF $JPST

Diversify Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,371 shares of the company’s stock after acquiring an additional 10,559 shares during the quarter. Diversify Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,705,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Rossmore Private Capital bought a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $25,000. Brentview Investment Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $35,000. Silicon Valley Capital Partners bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $37,000. American National Bank & Trust purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $38,000. Finally, Quaker Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the 2nd 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. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.76 on Friday. The firm has a market capitalization of $36.43 billion, a PE ratio of 110.35 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79. The firm has a fifty day moving average of $50.69 and a 200 day moving average of $50.67.

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. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, February 2nd. 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.