Beacon Investment Advisory Services Inc. Boosts Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Beacon Investment Advisory Services Inc. raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 606,060 shares of the company’s stock after acquiring an additional 96,594 shares during the period. JPMorgan Ultra-Short Income ETF makes up 1.3% of Beacon Investment Advisory Services Inc.’s investment portfolio, making the stock its 24th largest holding. Beacon Investment Advisory Services Inc. owned 0.09% of JPMorgan Ultra-Short Income ETF worth $30,661,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Archer Investment Corp increased its holdings in JPMorgan Ultra-Short Income ETF by 11.2% in the third quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock valued at $101,000 after buying an additional 200 shares in the last quarter. Lakeridge Wealth Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.5% in the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after acquiring an additional 206 shares during the period. Sax Wealth Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the 3rd 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 period. Lantern Wealth Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF by 5.0% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock valued at $240,000 after purchasing an additional 226 shares in the last quarter. Finally, Condor Capital Management raised its holdings 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 purchasing an additional 231 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.53 on Monday. The business’s fifty day moving average is $50.64 and its two-hundred day moving average is $50.66. The company has a market cap of $36.26 billion, a price-to-earnings ratio of 109.85 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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