JPMorgan Ultra-Short Income ETF $JPST Stock Position Lifted by Paradigm Capital Management LLC NV

Paradigm Capital Management LLC NV raised its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.3% in the third quarter, Holdings Channel reports. The firm owned 238,190 shares of the company’s stock after purchasing an additional 27,958 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 12.0% of Paradigm Capital Management LLC NV’s investment portfolio, making the stock its 2nd largest holding. Paradigm Capital Management LLC NV’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,083,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rossmore Private Capital purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter worth about $25,000. Brentview Investment Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $35,000. Silicon Valley Capital Partners purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $37,000. American National Bank & Trust purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $38,000. Finally, Quaker Wealth Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after purchasing an additional 1,906 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.65 on Monday. The firm has a market cap of $36.35 billion, a PE ratio of 110.11 and a beta of 0.01. The stock’s fifty day moving average price is $50.66 and its two-hundred day moving average price is $50.66. 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 company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.172 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 482.61%.

JPMorgan Ultra-Short Income ETF 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.