JPMorgan Ultra-Short Income ETF $JPST Shares Purchased by AdvisorNet Financial Inc

AdvisorNet Financial Inc boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 742,191 shares of the company’s stock after acquiring an additional 62,598 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 2.0% of AdvisorNet Financial Inc’s investment portfolio, making the stock its 4th largest position. AdvisorNet Financial Inc owned about 0.10% of JPMorgan Ultra-Short Income ETF worth $37,547,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $25,000. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $25,000. MGB Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $30,000. Silicon Valley Capital Partners purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $37,000. Finally, American National Bank & Trust purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at $38,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.46 on Friday. The company has a market cap of $37.42 billion, a P/E ratio of 109.70 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.79. The company has a 50-day moving average of $50.62 and a 200-day moving average of $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid 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 dividend payout ratio (DPR) is currently 478.26%.

JPMorgan Ultra-Short Income ETF Company 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.