Sowell Financial Services LLC Grows Position in JPMorgan Ultra-Short Income ETF $JPST

Sowell Financial Services LLC boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 161.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 340,348 shares of the company’s stock after buying an additional 210,239 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 0.6% of Sowell Financial Services LLC’s portfolio, making the stock its 23rd biggest position. Sowell Financial Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $17,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of JPST. Rossmore Private Capital acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at about $25,000. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $25,000. MGB Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $30,000. Silicon Valley Capital Partners acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $37,000. Finally, American National Bank & Trust purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth $38,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.46 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 company’s 50 day moving average price is $50.62 and its 200 day moving average price is $50.66. The firm has a market capitalization of $37.42 billion, a price-to-earnings ratio of 109.70 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors 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 of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is 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.