Capital Asset Advisory Services LLC Increases Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Capital Asset Advisory Services LLC boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 65.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 959,528 shares of the company’s stock after acquiring an additional 379,895 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 2.0% of Capital Asset Advisory Services LLC’s investment portfolio, making the stock its 19th biggest position. Capital Asset Advisory Services LLC owned approximately 0.14% of JPMorgan Ultra-Short Income ETF worth $48,571,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of JPST. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after purchasing an additional 7,786,258 shares during the period. Temasek Holdings Private Ltd purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $300,296,000. Bank of America Corp DE increased its holdings in JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the period. RiverFront Investment Group LLC raised its position in JPMorgan Ultra-Short Income ETF by 941.7% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock valued at $63,800,000 after purchasing an additional 1,138,031 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC raised its position in JPMorgan Ultra-Short Income ETF by 42.2% during the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after purchasing an additional 1,132,264 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.56 on Tuesday. The stock has a market cap of $36.28 billion, a P/E ratio of 109.91 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The stock has a 50 day simple moving average of $50.65 and a two-hundred day simple moving average of $50.66.

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 paid a $0.1648 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 478.26%.

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.