Legacy Wealth Management Inc Raises Stake in JPMorgan Ultra-Short Income ETF $JPST

Legacy Wealth Management Inc grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,631,362 shares of the company’s stock after purchasing an additional 83,125 shares during the period. JPMorgan Ultra-Short Income ETF makes up 4.8% of Legacy Wealth Management Inc’s portfolio, making the stock its 8th biggest holding. Legacy Wealth Management Inc owned 0.23% of JPMorgan Ultra-Short Income ETF worth $82,531,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Millennium Management LLC raised 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 worth $12,575,000 after purchasing an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $3,603,000. XTX Topco Ltd bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $384,000. EverSource Wealth Advisors LLC grew its position 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 worth $50,000 after buying 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 worth approximately $203,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.46 on Monday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The business’s fifty day moving average is $50.62 and its two-hundred day moving average is $50.66. 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 business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.172 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 473.91%.

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.