Canvas Wealth Advisors LLC Purchases 9,982 Shares of JPMorgan Ultra-Short Income ETF $JPST

Canvas Wealth Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 18.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 65,155 shares of the company’s stock after buying an additional 9,982 shares during the period. Canvas Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,308,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after purchasing an additional 46,400 shares during the period. Goldman Sachs Group Inc. acquired a new position in JPMorgan Ultra-Short Income ETF in the first quarter valued at approximately $3,603,000. Franklin Resources Inc. boosted its stake in JPMorgan Ultra-Short Income ETF by 0.7% in the second quarter. Franklin Resources Inc. now owns 644,297 shares of the company’s stock valued at $32,653,000 after acquiring an additional 4,557 shares during the last quarter. CreativeOne Wealth LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 27.8% during the 2nd quarter. CreativeOne Wealth LLC now owns 25,341 shares of the company’s stock worth $1,284,000 after acquiring an additional 5,507 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 22.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 82,733 shares of the company’s stock worth $4,193,000 after acquiring an additional 15,156 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.56 on Thursday. The firm has a fifty day moving average of $50.65 and a two-hundred day moving average of $50.66. The stock has a market capitalization of $36.28 billion, a price-to-earnings ratio of 109.91 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.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.172 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is 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.