Walkner Condon Financial Advisors LLC Boosts Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Walkner Condon Financial Advisors LLC boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 15.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,764 shares of the company’s stock after purchasing an additional 10,799 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sowell Financial Services LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 161.6% during the fourth quarter. Sowell Financial Services LLC now owns 340,348 shares of the company’s stock valued at $17,218,000 after buying an additional 210,239 shares during the last quarter. Stonebridge Financial Group LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 94.5% during the 4th quarter. Stonebridge Financial Group LLC now owns 8,400 shares of the company’s stock valued at $425,000 after buying an additional 4,081 shares in the last quarter. NavPoint Financial Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 14.3% in the 4th quarter. NavPoint Financial Inc. now owns 253,969 shares of the company’s stock worth $12,848,000 after acquiring an additional 31,741 shares during the last quarter. Nvwm LLC increased its stake in JPMorgan Ultra-Short Income ETF by 2.5% in the 4th quarter. Nvwm LLC now owns 48,617 shares of the company’s stock worth $2,460,000 after acquiring an additional 1,206 shares during the last quarter. Finally, McBroom & Associates LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.7% during the 4th quarter. McBroom & Associates LLC now owns 33,146 shares of the company’s stock worth $1,677,000 after acquiring an additional 1,794 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.46 on Monday. The stock has a 50 day moving average price of $50.62 and a 200-day moving average price of $50.66. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79. The company has a market capitalization of $37.42 billion, a P/E ratio of 109.70 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.172 per share. The ex-dividend date 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 (DPR) is 473.91%.

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.