Serenus Wealth Advisors LLC Takes Position in JPMorgan Ultra-Short Income ETF $JPST

Serenus Wealth Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 14,529 shares of the company’s stock, valued at approximately $737,000.

Several other institutional investors also recently bought and sold shares of JPST. Vista Investment Management lifted its position 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 during the last quarter. Cornerstone Advisory LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 10.4% in the third quarter. Cornerstone Advisory LLC now owns 197,633 shares of the company’s stock worth $10,026,000 after buying an additional 18,687 shares during the period. Beta Wealth Group Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 51.5% during the 3rd quarter. Beta Wealth Group Inc. now owns 9,818 shares of the company’s stock valued at $498,000 after buying an additional 3,338 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 2.2% during the 3rd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 55,063 shares of the company’s stock valued at $2,793,000 after buying an additional 1,160 shares during the period. Finally, Founders Financial Alliance LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 7.3% in the 3rd quarter. Founders Financial Alliance LLC now owns 109,488 shares of the company’s stock worth $5,554,000 after acquiring an additional 7,489 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.71 on Wednesday. The company has a 50-day moving average price of $50.68 and a 200-day moving average price of $50.67. The company has a market cap 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.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.172 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 482.61%.

About JPMorgan Ultra-Short Income ETF

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.