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

Salem Investment Counselors Inc. grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,719 shares of the company’s stock after purchasing an additional 13,055 shares during the period. Salem Investment Counselors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,946,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sandy Cove Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 3,571.4% in the third quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock worth $7,646,000 after buying an additional 146,606 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 3.9% during the 3rd quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock worth $17,072,000 after purchasing an additional 12,743 shares during the period. Beacon Financial Advisory LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 13.0% during the 3rd quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock valued at $5,694,000 after purchasing an additional 12,895 shares during the last quarter. Hershey Financial Advisers LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $3,946,000. Finally, Allen Capital Group LLC raised its position in JPMorgan Ultra-Short Income ETF by 16.1% in the 3rd quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock worth $12,767,000 after purchasing an additional 34,921 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.56 on Tuesday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The business has a 50 day simple moving average of $50.65 and a two-hundred day simple moving average of $50.66. The firm 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 firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.1648 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 478.26%.

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.