61,031 Shares in JPMorgan Ultra-Short Income ETF $JPST Acquired by Flagship Capital Management Inc.

Flagship Capital Management Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 61,031 shares of the company’s stock, valued at approximately $3,088,000. JPMorgan Ultra-Short Income ETF comprises approximately 2.2% of Flagship Capital Management Inc.’s portfolio, making the stock its 14th largest position.

A number of other large investors have also bought and sold shares of the business. Archer Investment Corp grew its position in JPMorgan Ultra-Short Income ETF by 11.2% during the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after acquiring an additional 200 shares during the last quarter. Lakeridge Wealth Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 4.5% during the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after acquiring an additional 206 shares during the last quarter. Sax Wealth Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 2.7% during the 3rd quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after acquiring an additional 220 shares during the last quarter. Lantern Wealth Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 5.0% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after acquiring an additional 226 shares during the last quarter. Finally, Condor Capital Management grew its position in JPMorgan Ultra-Short Income ETF by 1.6% during the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after acquiring an additional 231 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.50 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.31 and a one year high of $50.79. The stock’s 50 day simple moving average is $50.60 and its 200 day simple moving average is $50.65. The firm has a market cap of $37.47 billion, a PE ratio of 109.78 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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

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.