JFS Wealth Advisors LLC Has $16.22 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

JFS Wealth Advisors LLC grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.4% during the third quarter, HoldingsChannel reports. The firm owned 319,797 shares of the company’s stock after buying an additional 27,545 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 0.9% of JFS Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest holding. JFS Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $16,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Archer Investment Corp boosted its position in JPMorgan Ultra-Short Income ETF by 11.2% in the third quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock valued at $101,000 after buying an additional 200 shares in the last quarter. Sax Wealth Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.7% during the third quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after buying an additional 220 shares in the last quarter. Condor Capital Management lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 1.6% in the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock valued at $741,000 after acquiring an additional 231 shares during the last quarter. Daner Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.1% during the 3rd quarter. Daner Wealth Management LLC now owns 21,885 shares of the company’s stock valued at $1,110,000 after acquiring an additional 236 shares in the last quarter. Finally, Keel Point LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after acquiring an additional 239 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

Shares of JPST opened at $50.74 on Wednesday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79. The business has a 50-day simple moving average of $50.69 and a two-hundred day simple moving average of $50.67. The stock has a market cap of $36.41 billion, a PE ratio of 110.30 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.172 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is currently 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.