JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 598,814 shares of the company’s stock after purchasing an additional 27,997 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 1.0% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 19th largest position. Dynamic Advisor Solutions LLC owned about 0.08% of JPMorgan Ultra-Short Income ETF worth $30,294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rossmore Private Capital purchased a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $25,000. Cardiff Park Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $25,000. MGB Wealth Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $30,000. Brentview Investment Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at $35,000. Finally, Silicon Valley Capital Partners acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $37,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Trading Down 0.1%

Shares of NYSEARCA:JPST opened at $50.52 on Monday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The company has a market capitalization of $36.26 billion, a PE ratio of 109.83 and a beta of 0.01. The firm has a 50 day simple moving average of $50.66 and a 200-day simple moving average of $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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

JPMorgan Ultra-Short Income ETF Company 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.