Elevatus Welath Management Raises Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Elevatus Welath Management raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247,991 shares of the company’s stock after purchasing an additional 10,488 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 3.6% of Elevatus Welath Management’s holdings, making the stock its 5th biggest holding. Elevatus Welath Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,581,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after buying an additional 7,786,258 shares during the period. Bank of America Corp DE lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares during the last quarter. RiverFront Investment Group LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 941.7% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock valued at $63,800,000 after acquiring an additional 1,138,031 shares during the period. Foster Dykema Cabot & Partners LLC grew its position in JPMorgan Ultra-Short Income ETF by 42.2% in the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after acquiring an additional 1,132,264 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in JPMorgan Ultra-Short Income ETF by 27.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock valued at $244,438,000 after acquiring an additional 1,044,337 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

JPST stock opened at $50.56 on Thursday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The firm has a market cap of $36.28 billion, a price-to-earnings ratio of 109.91 and a beta of 0.01. The business’s fifty day simple moving average is $50.67 and its two-hundred day simple moving average is $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.1648 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 478.26%.

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.