Beaumont Financial Advisors LLC Boosts Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Beaumont Financial Advisors LLC lifted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 94.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,874 shares of the company’s stock after purchasing an additional 12,566 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,309,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JPST. Millennium Management LLC raised its holdings in shares of 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 worth $12,575,000 after acquiring an additional 46,400 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $3,603,000. XTX Topco Ltd purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at about $384,000. Beacon Pointe Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 29.2% in the second quarter. Beacon Pointe Advisors LLC now owns 74,052 shares of the company’s stock valued at $3,753,000 after purchasing an additional 16,754 shares during the period. Finally, CW Advisors LLC increased its position in JPMorgan Ultra-Short Income ETF by 10.3% during the second quarter. CW Advisors LLC now owns 344,711 shares of the company’s stock worth $17,470,000 after purchasing an additional 32,096 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.46 on Friday. The firm’s 50-day moving average is $50.63 and its two-hundred day moving average is $50.66. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.79. The company has a market capitalization of $37.42 billion, a PE ratio of 109.70 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. Stockholders of record on Monday, February 2nd were issued a dividend of $0.172 per share. The ex-dividend date 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 dividend payout ratio (DPR) is currently 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.