Serenus Wealth Advisors LLC Invests $737,000 in JPMorgan Ultra-Short Income ETF $JPST

Serenus Wealth Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the third quarter, according to its most recent filing with the SEC. The fund acquired 14,529 shares of the company’s stock, valued at approximately $737,000.

Several other large investors have also added to or reduced their stakes in JPST. Sandy Cove Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 3,571.4% in the third quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock worth $7,646,000 after acquiring an additional 146,606 shares in the last quarter. AE Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 3.9% during the third quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock worth $17,072,000 after purchasing an additional 12,743 shares during the last quarter. Beacon Financial Advisory LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 13.0% during the third quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after purchasing an additional 12,895 shares during the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $3,946,000. Finally, Allen Capital Group LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 16.1% during the 3rd quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock valued at $12,767,000 after purchasing an additional 34,921 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.71 on Wednesday. The stock’s 50-day moving average is $50.68 and its 200 day moving average is $50.67. The stock has a market cap of $36.39 billion, a price-to-earnings ratio of 110.24 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.172 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 482.61%.

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.