Benchmark Financial LLC Purchases Shares of 20,929 JPMorgan Ultra-Short Income ETF $JPST

Benchmark Financial LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 20,929 shares of the company’s stock, valued at approximately $1,059,000. JPMorgan Ultra-Short Income ETF comprises about 1.1% of Benchmark Financial LLC’s investment portfolio, making the stock its 22nd biggest position.

Several other hedge funds have also added to or reduced their stakes in JPST. Rossmore Private Capital acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $25,000. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $25,000. MGB Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $30,000. American National Bank & Trust acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $38,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.56 on Monday. The business has a fifty day simple moving average of $50.59 and a two-hundred day simple moving average of $50.64. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.41 and a 1 year high of $50.79. The company has a market capitalization of $37.82 billion, a price-to-earnings ratio of 109.91 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. Shareholders of record on Monday, February 2nd were issued a dividend of $0.172 per share. The ex-dividend date of this dividend 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 currently 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.