San Luis Wealth Advisors LLC Acquires 92,187 Shares of JPMorgan Ultra-Short Income ETF $JPST

San Luis Wealth Advisors LLC increased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 766,685 shares of the company’s stock after purchasing an additional 92,187 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 6.8% of San Luis Wealth Advisors LLC’s holdings, making the stock its 2nd biggest position. San Luis Wealth Advisors LLC owned about 0.11% of JPMorgan Ultra-Short Income ETF worth $38,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JPST. Rossmore Private Capital bought a new stake in JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $25,000. Cardiff Park Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at $25,000. MGB Wealth Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $30,000. Brentview Investment Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at $35,000. Finally, Silicon Valley Capital Partners bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $37,000. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of NYSEARCA JPST opened at $50.57 on Wednesday. The stock’s fifty day simple moving average is $50.66 and its 200 day simple moving average is $50.67. The stock has a market capitalization of $36.29 billion, a price-to-earnings ratio of 109.93 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.1648 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 478.26%.

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.