JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 66.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 901,291 shares of the company’s stock after acquiring an additional 358,787 shares during the quarter. Integrated Wealth Concepts LLC owned about 0.13% of JPMorgan Ultra-Short Income ETF worth $45,723,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $25,000. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $25,000. MGB Wealth Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $30,000. Brentview Investment Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at $35,000. Finally, Silicon Valley Capital Partners bought a new position in JPMorgan Ultra-Short Income ETF during the second quarter valued at about $37,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.52 on Monday. The company’s 50 day simple moving average is $50.66 and its 200 day simple moving average is $50.67. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.79. The company has a market capitalization of $36.26 billion, a P/E ratio of 109.83 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given 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 was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is 478.26%.

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.