Brooklyn FI LLC Grows Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Brooklyn FI LLC boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 24.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 110,652 shares of the company’s stock after acquiring an additional 21,485 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 1.2% of Brooklyn FI LLC’s portfolio, making the stock its 26th largest holding. Brooklyn FI LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,413,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Sandy Cove Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 3,571.4% in the third quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock worth $7,646,000 after buying an additional 146,606 shares during the period. AE Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 3.9% in the 3rd quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock worth $17,072,000 after acquiring an additional 12,743 shares in the last quarter. Beacon Financial Advisory LLC raised its stake in JPMorgan Ultra-Short Income ETF by 13.0% during the third quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock valued at $5,694,000 after buying an additional 12,895 shares during the last quarter. Allen Capital Group LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 16.1% during the third quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock valued at $12,767,000 after buying an additional 34,921 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $3,946,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.58 on Friday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The stock has a market capitalization of $36.30 billion, a PE ratio of 109.96 and a beta of 0.01. The firm’s 50 day moving average price is $50.68 and its 200-day moving average price is $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.1648 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 478.26%.

JPMorgan Ultra-Short Income ETF 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.