Assetmark Inc. Boosts Position in JPMorgan Ultra-Short Income ETF $JPST

Assetmark Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,522,345 shares of the company’s stock after buying an additional 80,577 shares during the period. Assetmark Inc. owned approximately 0.21% of JPMorgan Ultra-Short Income ETF worth $77,015,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Financial Enhancement Group LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 6.2% in the fourth quarter. Financial Enhancement Group LLC now owns 173,424 shares of the company’s stock valued at $8,794,000 after buying an additional 10,191 shares during the period. JM2 Capital Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $1,564,000. Webster Bank N. A. raised its holdings in JPMorgan Ultra-Short Income ETF by 27.0% in the fourth quarter. Webster Bank N. A. now owns 107,339 shares of the company’s stock valued at $5,430,000 after buying an additional 22,815 shares during the period. Prism Advisors Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 10.3% in the fourth quarter. Prism Advisors Inc. now owns 307,102 shares of the company’s stock valued at $15,536,000 after buying an additional 28,613 shares during the period. Finally, HBW Advisory Services LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 8.9% in the fourth quarter. HBW Advisory Services LLC now owns 217,094 shares of the company’s stock valued at $10,983,000 after buying an additional 17,663 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.51 on Tuesday. JPMorgan Ultra-Short Income ETF has a one year low of $50.37 and a one year high of $50.79. The company’s 50 day moving average price is $50.60 and its 200 day moving average price is $50.65. The firm has a market capitalization of $37.82 billion, a price-to-earnings ratio of 109.80 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. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 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.