Aspen Wealth Management LLC Has $11.01 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

Aspen Wealth Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 217,658 shares of the company’s stock after purchasing an additional 12,744 shares during the period. JPMorgan Ultra-Short Income ETF makes up 2.3% of Aspen Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding. Aspen Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $11,011,000 as of its most recent filing with the Securities and Exchange Commission.

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

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.55 on Friday. The stock has a market capitalization of $36.28 billion, a P/E ratio of 109.89 and a beta of 0.01. The company has a 50-day moving average price of $50.66 and a 200-day moving average price of $50.67. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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