Concurrent Investment Advisors LLC Purchases 47,031 Shares of JPMorgan Ultra-Short Income ETF $JPST

Concurrent Investment Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 48.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,812 shares of the company’s stock after purchasing an additional 47,031 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Millennium Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after buying an additional 46,400 shares during the period. Goldman Sachs Group Inc. bought a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at $3,603,000. EverSource Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after acquiring an additional 496 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $203,000. Finally, Brown Advisory Inc. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after acquiring an additional 431 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.60 on Monday. The stock has a market cap of $37.64 billion, a PE ratio of 110.00 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79. The stock has a fifty day moving average of $50.58 and a 200-day moving average of $50.64.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid 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 currently 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.