Donaldson Capital Management LLC Has $22.07 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Donaldson Capital Management LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 436,286 shares of the company’s stock after buying an additional 48,413 shares during the period. Donaldson Capital Management LLC owned about 0.06% of JPMorgan Ultra-Short Income ETF worth $22,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JPST. Cardiff Park Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Rossmore Private Capital acquired a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at $25,000. MGB Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at $30,000. Brentview Investment Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at about $35,000. Finally, Silicon Valley Capital Partners purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at about $37,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.53 on Monday. 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’s 50-day moving average is $50.64 and its two-hundred day moving average is $50.66. The firm has a market cap of $36.26 billion, a P/E ratio of 109.85 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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