Aptus Capital Advisors LLC Increases Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Aptus Capital Advisors LLC raised its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9,140.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,405 shares of the company’s stock after purchasing an additional 119,102 shares during the quarter. Aptus Capital Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JPST. JPMorgan Chase & Co. raised its position in shares of JPMorgan Ultra-Short Income ETF by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after buying an additional 7,786,258 shares during the last quarter. Bank of America Corp DE boosted its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares during the last quarter. RiverFront Investment Group LLC grew its stake in JPMorgan Ultra-Short Income ETF by 941.7% during the second quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock valued at $63,800,000 after acquiring an additional 1,138,031 shares in the last quarter. Foster Dykema Cabot & Partners LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 42.2% in the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after acquiring an additional 1,132,264 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in JPMorgan Ultra-Short Income ETF by 27.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock valued at $244,438,000 after acquiring an additional 1,044,337 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

JPST opened at $50.56 on Friday. The firm has a 50-day simple moving average of $50.68 and a two-hundred day simple moving average of $50.67. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79. The company has a market capitalization of $36.28 billion, a PE ratio of 109.91 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.1648 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 478.26%.

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.