Phoenix Wealth Advisors Has $32.71 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

Phoenix Wealth Advisors boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 646,548 shares of the company’s stock after buying an additional 22,687 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 12.6% of Phoenix Wealth Advisors’ portfolio, making the stock its biggest position. Phoenix Wealth Advisors’ holdings in JPMorgan Ultra-Short Income ETF were worth $32,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. Rossmore Private Capital bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. MGB Wealth Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $30,000. Silicon Valley Capital Partners bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $37,000. Finally, American National Bank & Trust bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $38,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.49 on Thursday. The company has a 50 day moving average price of $50.61 and a 200-day moving average price of $50.65. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The company has a market capitalization of $37.46 billion, a PE ratio of 109.76 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.172 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. 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.