Alliance Wealth Advisors LLC UT Makes New $500,000 Investment in JPMorgan Ultra-Short Income ETF $JPST

Alliance Wealth Advisors LLC UT purchased a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,866 shares of the company’s stock, valued at approximately $500,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rossmore Private Capital purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $25,000. Brentview Investment Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $35,000. Silicon Valley Capital Partners purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $37,000. American National Bank & Trust purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $38,000. Finally, Quaker Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after purchasing an additional 1,906 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.73 on Monday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.79. The stock has a market cap of $36.41 billion, a PE ratio of 110.28 and a beta of 0.01. The stock’s fifty day moving average is $50.68 and its two-hundred day moving average is $50.67.

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. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is 482.61%.

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.