Cobblestone Asset Management LLC Increases Position in JPMorgan Ultra-Short Income ETF $JPST

Cobblestone Asset Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 615,378 shares of the company’s stock after purchasing an additional 10,524 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 14.0% of Cobblestone Asset Management LLC’s holdings, making the stock its largest holding. Cobblestone Asset Management LLC owned 0.09% of JPMorgan Ultra-Short Income ETF worth $31,132,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Rossmore Private Capital purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at about $25,000. Cardiff Park Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. MGB Wealth Management LLC bought a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $30,000. Silicon Valley Capital Partners purchased a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $37,000. Finally, American National Bank & Trust purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at approximately $38,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.61 on Wednesday. The company has a market cap of $36.32 billion, a price-to-earnings ratio of 110.02 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 $50.64 and its two-hundred day simple moving average is $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.172 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. 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.