Elevatus Welath Management Has $12.58 Million Stake in JPMorgan Ultra-Short Income ETF $JPST

Elevatus Welath Management lifted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 247,991 shares of the company’s stock after purchasing an additional 10,488 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 3.6% of Elevatus Welath Management’s investment portfolio, making the stock its 5th biggest position. Elevatus Welath Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $12,581,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rossmore Private Capital bought a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $25,000. MGB Wealth Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $30,000. Brentview Investment Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at $35,000. Silicon Valley Capital Partners bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at about $37,000. Finally, American National Bank & Trust bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $38,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.56 on Thursday. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.79. The company has a 50-day moving average of $50.67 and a 200 day moving average of $50.67. The firm has a market cap of $36.28 billion, a PE ratio of 109.91 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.1648 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%. JPMorgan Ultra-Short Income ETF’s payout ratio 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.