Acorns Advisers LLC Increases Holdings in JPMorgan Ultra-Short Income ETF $JPST

Acorns Advisers LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 986,901 shares of the company’s stock after buying an additional 11,072 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 0.4% of Acorns Advisers LLC’s investment portfolio, making the stock its 16th largest position. Acorns Advisers LLC owned 0.15% of JPMorgan Ultra-Short Income ETF worth $50,065,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. Archer Investment Corp grew its stake in shares of JPMorgan Ultra-Short Income ETF by 11.2% in the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock valued at $101,000 after buying an additional 200 shares during the period. Sax Wealth Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF by 2.7% during the third quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after acquiring an additional 220 shares during the last quarter. Condor Capital Management increased its stake in JPMorgan Ultra-Short Income ETF by 1.6% during the third quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after acquiring an additional 231 shares during the last quarter. Daner Wealth Management LLC raised its position in JPMorgan Ultra-Short Income ETF by 1.1% in the third quarter. Daner Wealth Management LLC now owns 21,885 shares of the company’s stock valued at $1,110,000 after purchasing an additional 236 shares during the period. Finally, Keel Point LLC raised its position in JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after purchasing an additional 239 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.1%

Shares of NYSEARCA:JPST opened at $50.52 on Friday. The company has a market capitalization of $36.26 billion, a price-to-earnings ratio of 109.83 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79. The business has a 50-day moving average price of $50.67 and a 200 day moving average price of $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued 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 dividend payout ratio (DPR) is 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.