Stratos Wealth Partners LTD. Acquires 61,508 Shares of JPMorgan Ultra-Short Income ETF $JPST

Stratos Wealth Partners LTD. grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 374,178 shares of the company’s stock after buying an additional 61,508 shares during the period. Stratos Wealth Partners LTD.’s holdings in JPMorgan Ultra-Short Income ETF were worth $18,982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Rossmore Private Capital bought a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. Brentview Investment Management LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $35,000. Silicon Valley Capital Partners purchased a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $37,000. American National Bank & Trust purchased a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at approximately $38,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.68 on Wednesday. The company’s fifty day moving average price is $50.67 and its 200-day moving average price is $50.67. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79. The company has a market capitalization of $36.37 billion, a PE ratio of 110.17 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.172 per share. This represents a c) annualized dividend 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 is 482.61%.

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.