JPMorgan Ultra-Short Income ETF $JPST is Ironwood Investment Counsel LLC’s 10th Largest Position

Ironwood Investment Counsel LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 445.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 241,476 shares of the company’s stock after acquiring an additional 197,204 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 1.8% of Ironwood Investment Counsel LLC’s holdings, making the stock its 10th largest holding. Ironwood Investment Counsel LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,250,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Archer Investment Corp increased its position in shares of 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. Kathleen S. Wright Associates Inc. boosted its stake in JPMorgan Ultra-Short Income ETF by 2.3% during the second quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock worth $497,000 after buying an additional 220 shares during the period. Sax Wealth Advisors LLC increased its position 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 valued at $421,000 after acquiring an additional 220 shares during the last quarter. Daner Wealth Management LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 1.1% in 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 during the period. Finally, Keel Point LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 1.4% in 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 during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.65 on Friday. The stock has a market capitalization of $36.35 billion, a P/E ratio of 110.11 and a beta of 0.01. The company has a 50 day moving average price of $50.66 and a 200 day moving average price of $50.66. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.172 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 482.61%.

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.