Newbridge Financial Services Group Inc. Increases Stake in JPMorgan Ultra-Short Income ETF $JPST

Newbridge Financial Services Group Inc. grew its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 22.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 79,415 shares of the company’s stock after buying an additional 14,468 shares during the period. Newbridge Financial Services Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,018,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Cardiff Park Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $25,000. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $25,000. MGB Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $30,000. Silicon Valley Capital Partners acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $37,000. Finally, American National Bank & Trust acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

NYSEARCA:JPST opened at $50.45 on Tuesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The stock has a market cap of $37.41 billion, a PE ratio of 109.67 and a beta of 0.01. The firm’s fifty day simple moving average is $50.62 and its 200-day simple moving average is $50.65.

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 issued a dividend of $0.172 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 473.91%.

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.