Salem Investment Counselors Inc. Acquires 13,055 Shares of JPMorgan Ultra-Short Income ETF $JPST

Salem Investment Counselors Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,719 shares of the company’s stock after purchasing an additional 13,055 shares during the quarter. Salem Investment Counselors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,946,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Millennium Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after buying an additional 46,400 shares during the period. Goldman Sachs Group Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at about $3,603,000. Franklin Resources Inc. grew its stake in JPMorgan Ultra-Short Income ETF by 0.7% in the 2nd quarter. Franklin Resources Inc. now owns 644,297 shares of the company’s stock worth $32,653,000 after acquiring an additional 4,557 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in JPMorgan Ultra-Short Income ETF by 0.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock worth $562,208,000 after acquiring an additional 94,082 shares in the last quarter. Finally, Vestor Capital LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $41,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.56 on Tuesday. The company has a 50 day moving average price of $50.65 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. The company has a market capitalization of $36.28 billion, a PE ratio of 109.91 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1648 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 478.26%.

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.