JPMorgan Ultra-Short Income ETF $JPST Shares Purchased by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 25.7% during the third quarter, Holdings Channel reports. The institutional investor owned 169,761 shares of the company’s stock after buying an additional 34,667 shares during the period. Stratos Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Archer Investment Corp lifted its holdings 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 acquiring an additional 200 shares during the period. Kathleen S. Wright Associates Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF by 2.3% in the 2nd 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 boosted its holdings in 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 acquiring an additional 220 shares during the last quarter. Daner Wealth Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 1.1% during the third 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 increased its position in 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 worth $862,000 after purchasing an additional 239 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

NYSEARCA JPST opened at $50.68 on Wednesday. The company’s fifty day simple moving average is $50.67 and its 200-day simple moving average is $50.67. The stock has a market cap of $36.37 billion, a P/E ratio of 110.17 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.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.172 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a 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.