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

Ironwood Investment Counsel LLC lifted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 445.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,476 shares of the company’s stock after buying an additional 197,204 shares during the period. JPMorgan Ultra-Short Income ETF makes up 1.8% of Ironwood Investment Counsel LLC’s holdings, making the stock its 10th biggest position. 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 also recently bought and sold shares of the company. Archer Investment Corp grew its position in shares of JPMorgan Ultra-Short Income ETF by 11.2% in the third quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock valued at $101,000 after purchasing an additional 200 shares in 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 last quarter. Sax Wealth Advisors LLC boosted its stake in 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 worth $421,000 after buying an additional 220 shares during the last quarter. Daner Wealth Management LLC grew its holdings in 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 buying an additional 236 shares in the last quarter. Finally, Keel Point LLC grew its holdings in 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 buying an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

NYSEARCA JPST opened at $50.65 on Friday. The business’s fifty day simple moving average is $50.66 and its 200-day simple moving average is $50.66. The firm has a market cap of $36.35 billion, a PE ratio of 110.11 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 company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.172 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is 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.