JPMorgan Ultra-Short Income ETF $JPST Shares Purchased by Brookstone Capital Management

Brookstone Capital Management raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 149.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,334 shares of the company’s stock after purchasing an additional 43,350 shares during the quarter. Brookstone Capital Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Cardiff Park Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $25,000. Rossmore Private Capital purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. MGB Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth $30,000. Silicon Valley Capital Partners acquired a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at $37,000. Finally, American National Bank & Trust acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at $38,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.44 on Thursday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79. The firm has a market capitalization of $37.40 billion, a P/E ratio of 109.65 and a beta of 0.01. The company’s fifty day moving average is $50.63 and its two-hundred day moving average is $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 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.