Essex Financial Services Inc. Has $12.10 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

Essex Financial Services Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,505 shares of the company’s stock after buying an additional 28,672 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 0.7% of Essex Financial Services Inc.’s investment portfolio, making the stock its 25th biggest position. Essex Financial Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,099,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 2,216.4% in the 3rd quarter. Jacobi Capital Management LLC now owns 206,068 shares of the company’s stock valued at $10,454,000 after acquiring an additional 197,172 shares in the last quarter. Condor Capital Management increased its position in shares of JPMorgan Ultra-Short Income ETF by 1.6% in the third quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after purchasing an additional 231 shares during the period. Serenus Wealth Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $737,000. Vista Investment Management raised its stake in JPMorgan Ultra-Short Income ETF by 5.5% in the third quarter. Vista Investment Management now owns 27,138 shares of the company’s stock valued at $1,377,000 after purchasing an additional 1,405 shares in the last quarter. Finally, Cornerstone Advisory LLC lifted its position in JPMorgan Ultra-Short Income ETF by 10.4% during the third quarter. Cornerstone Advisory LLC now owns 197,633 shares of the company’s stock worth $10,026,000 after purchasing an additional 18,687 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.71 on Wednesday. The company has a market capitalization of $36.39 billion, a price-to-earnings ratio of 110.24 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79. The firm’s 50-day moving average price is $50.68 and its two-hundred day moving average price is $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.172 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) 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.