JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 445,624 shares of the company’s stock after acquiring an additional 25,429 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 3.1% of Capital Advisors Wealth Management LLC’s investment portfolio, making the stock its 9th largest position. Capital Advisors Wealth Management LLC owned 0.06% of JPMorgan Ultra-Short Income ETF worth $22,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Millennium Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after purchasing an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth $3,603,000. XTX Topco Ltd acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $384,000. EverSource Wealth Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 99.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after acquiring an additional 496 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at $203,000. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.46 on Monday. The business’s fifty day moving average price is $50.62 and its 200 day moving average price is $50.66. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The stock has a market capitalization of $37.42 billion, a P/E ratio of 109.70 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders 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 currently 473.91%.

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.