Integrated Wealth Concepts LLC Has $45.72 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Integrated Wealth Concepts LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 66.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 901,291 shares of the company’s stock after purchasing an additional 358,787 shares during the period. Integrated Wealth Concepts LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $45,723,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Hayek Kallen Investment Management lifted its position in shares of JPMorgan Ultra-Short Income ETF by 2.1% in the third quarter. Hayek Kallen Investment Management now owns 79,695 shares of the company’s stock worth $4,043,000 after buying an additional 1,625 shares during the last quarter. Gotham Asset Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 17.5% during the third quarter. Gotham Asset Management LLC now owns 451,295 shares of the company’s stock worth $22,894,000 after buying an additional 67,273 shares in the last quarter. Flow Traders U.S. LLC grew its position in JPMorgan Ultra-Short Income ETF by 6,615.3% during the third quarter. Flow Traders U.S. LLC now owns 570,869 shares of the company’s stock worth $28,960,000 after buying an additional 562,368 shares in the last quarter. Delos Wealth Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF by 4.2% during the third quarter. Delos Wealth Advisors LLC now owns 47,029 shares of the company’s stock valued at $2,386,000 after acquiring an additional 1,899 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $296,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.52 on Monday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.79. The company has a market capitalization of $36.26 billion, a P/E ratio of 109.83 and a beta of 0.01. The stock has a 50 day moving average of $50.66 and a two-hundred day moving average of $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given 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 478.26%.

About JPMorgan Ultra-Short Income ETF

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.