JPMorgan Ultra-Short Income ETF $JPST Stock Position Raised by Elmwood Wealth Management Inc.

Elmwood Wealth Management Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 18.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,243 shares of the company’s stock after buying an additional 22,087 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 2.5% of Elmwood Wealth Management Inc.’s investment portfolio, making the stock its 5th largest holding. Elmwood Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rossmore Private Capital bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $25,000. Brentview Investment Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth about $35,000. Silicon Valley Capital Partners acquired a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth about $37,000. American National Bank & Trust bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at about $38,000. Finally, Quaker Wealth Management LLC raised its stake 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 buying an additional 1,906 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

Shares of NYSEARCA JPST opened at $50.67 on Thursday. The company has a market capitalization of $36.36 billion, a price-to-earnings ratio of 110.15 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The business has a 50 day simple moving average of $50.67 and a 200-day simple moving average of $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.172 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend 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.