Dakota Wealth Management Buys 31,541 Shares of JPMorgan Ultra-Short Income ETF $JPST

Dakota Wealth Management raised its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 455,141 shares of the company’s stock after purchasing an additional 31,541 shares during the period. Dakota Wealth Management owned 0.07% of JPMorgan Ultra-Short Income ETF worth $23,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Sandy Cove Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 3,571.4% in the 3rd quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock worth $7,646,000 after buying an additional 146,606 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 3.9% in the 3rd quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock valued at $17,072,000 after acquiring an additional 12,743 shares during the last quarter. Beacon Financial Advisory LLC grew its position in JPMorgan Ultra-Short Income ETF by 13.0% in the third quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after acquiring an additional 12,895 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $3,946,000. Finally, Allen Capital Group LLC increased its stake in JPMorgan Ultra-Short Income ETF by 16.1% during the third quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock worth $12,767,000 after acquiring an additional 34,921 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.75 on Tuesday. The company has a market cap of $36.42 billion, a PE ratio of 110.33 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The stock’s 50 day simple moving average is $50.68 and its two-hundred day simple moving average is $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a dividend of $0.172 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is presently 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.