AE Wealth Management LLC Grows Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

AE Wealth Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 389,372 shares of the company’s stock after buying an additional 52,846 shares during the quarter. AE Wealth Management LLC owned 0.05% of JPMorgan Ultra-Short Income ETF worth $19,698,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JPST. Rossmore Private Capital purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at $25,000. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at $25,000. MGB Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at $30,000. American National Bank & Trust purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at $38,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $38,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.56 on Friday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.41 and a 12 month high of $50.79. The company has a market capitalization of $37.86 billion, a price-to-earnings ratio of 109.91 and a beta of 0.01. The company’s fifty day moving average price is $50.59 and its two-hundred day moving average price is $50.64.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.172 per share. 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 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.