Stratos Wealth Advisors LLC Increases Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Stratos Wealth Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 25.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,761 shares of the company’s stock after purchasing an additional 34,667 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,612,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Sandy Cove Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 3,571.4% in the third quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock valued at $7,646,000 after buying an additional 146,606 shares in the last quarter. AE Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 3.9% during the 3rd quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock worth $17,072,000 after purchasing an additional 12,743 shares in the last quarter. Beacon Financial Advisory LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 13.0% during the 3rd quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after purchasing an additional 12,895 shares during the last quarter. Hershey Financial Advisers LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $3,946,000. Finally, Allen Capital Group LLC increased its position in JPMorgan Ultra-Short Income ETF by 16.1% during the third quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock worth $12,767,000 after buying an additional 34,921 shares in the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPMorgan Ultra-Short Income ETF stock opened at $50.68 on Wednesday. The stock has a market cap of $36.37 billion, a PE ratio of 110.17 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. The stock has a 50-day moving average price of $50.67 and a 200 day moving average price of $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.172 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 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.