JPMorgan Ultra-Short Income ETF $JPST is NavPoint Financial Inc.’s 5th Largest Position

NavPoint Financial Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,969 shares of the company’s stock after acquiring an additional 31,741 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 5.5% of NavPoint Financial Inc.’s investment portfolio, making the stock its 5th largest holding. NavPoint Financial Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,848,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Nvwm LLC grew its position in JPMorgan Ultra-Short Income ETF by 2.5% during the fourth quarter. Nvwm LLC now owns 48,617 shares of the company’s stock valued at $2,460,000 after purchasing an additional 1,206 shares in the last quarter. McBroom & Associates LLC lifted its position in JPMorgan Ultra-Short Income ETF by 5.7% in the 4th quarter. McBroom & Associates LLC now owns 33,146 shares of the company’s stock worth $1,677,000 after buying an additional 1,794 shares in the last quarter. Savvy Advisors Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $235,000. Stratos Wealth Partners LTD. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 3.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 386,935 shares of the company’s stock valued at $19,575,000 after buying an additional 12,757 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 9.2% during the 4th quarter. AdvisorNet Financial Inc now owns 742,191 shares of the company’s stock valued at $37,547,000 after buying an additional 62,598 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.46 on Monday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.79. The stock has a market cap of $37.42 billion, a P/E ratio of 109.70 and a beta of 0.01. The company’s fifty day simple moving average is $50.62 and its 200-day simple moving average is $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.172 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is 473.91%.

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.