JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by Peterson Wealth Advisors LLC

Peterson Wealth Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 879,733 shares of the company’s stock after acquiring an additional 63,666 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 5.9% of Peterson Wealth Advisors LLC’s holdings, making the stock its 5th biggest position. Peterson Wealth Advisors LLC owned approximately 0.12% of JPMorgan Ultra-Short Income ETF worth $44,506,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JPST. Archer Investment Corp grew its position in JPMorgan Ultra-Short Income ETF by 11.2% during the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after purchasing an additional 200 shares during the last quarter. Lakeridge Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.5% in the fourth quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after buying an additional 206 shares during the last quarter. Sax Wealth Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the third quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock valued at $421,000 after buying an additional 220 shares during the last quarter. Lantern Wealth Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 5.0% during the third quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after buying an additional 226 shares during the period. Finally, Condor Capital Management boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 1.6% during the third quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after buying an additional 231 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

NYSEARCA JPST opened at $50.56 on Tuesday. The firm has a market cap of $36.28 billion, a P/E ratio of 109.91 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79. The business’s 50-day moving average price is $50.65 and its 200 day moving average price is $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1648 per share. This represents a c) dividend on an annualized basis 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 presently 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.