Mezzasalma Advisors LLC Purchases 33,446 Shares of JPMorgan Ultra-Short Income ETF $JPST

Mezzasalma Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 70.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 80,646 shares of the company’s stock after purchasing an additional 33,446 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 0.9% of Mezzasalma Advisors LLC’s portfolio, making the stock its 29th largest position. Mezzasalma Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,082,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in JPMorgan Ultra-Short Income ETF by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after buying an additional 7,786,258 shares during the last quarter. Temasek Holdings Private Ltd bought a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at $300,296,000. Bank of America Corp DE boosted its position in JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after acquiring an additional 2,162,615 shares during the last quarter. Kensington Asset Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 1,382.7% during the 3rd quarter. Kensington Asset Management LLC now owns 1,080,232 shares of the company’s stock worth $54,800,000 after acquiring an additional 1,007,375 shares during the period. Finally, Adventist Health System Sunbelt Healthcare Corp grew its holdings in JPMorgan Ultra-Short Income ETF by 89.2% during the 3rd quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,891,700 shares of the company’s stock worth $95,966,000 after acquiring an additional 891,700 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.46 on Monday. The firm has a market cap of $37.42 billion, a PE ratio of 109.70 and a beta of 0.01. The stock has a 50-day moving average price of $50.62 and a 200-day moving average price of $50.66. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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

JPMorgan Ultra-Short Income ETF 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.