JPMorgan Ultra-Short Income ETF $JPST Stock Position Raised by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 372,281 shares of the company’s stock after acquiring an additional 22,448 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 1.3% of Cahaba Wealth Management Inc.’s holdings, making the stock its 15th largest holding. Cahaba Wealth Management Inc. owned about 0.05% of JPMorgan Ultra-Short Income ETF worth $18,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of JPST. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $25,000. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $25,000. MGB Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $30,000. Brentview Investment Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at about $35,000. Finally, Silicon Valley Capital Partners purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at about $37,000. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.52 on Friday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79. The company has a 50-day moving average of $50.66 and a two-hundred day moving average of $50.66. The stock has a market cap of $36.26 billion, a price-to-earnings ratio of 109.83 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company 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. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is 478.26%.

About JPMorgan Ultra-Short Income ETF

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.