Wealth Advisors of Tampa Bay LLC Raises Position in JPMorgan Ultra-Short Income ETF $JPST

Wealth Advisors of Tampa Bay LLC increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 198,829 shares of the company’s stock after purchasing an additional 33,583 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 3.4% of Wealth Advisors of Tampa Bay LLC’s investment portfolio, making the stock its 4th largest holding. Wealth Advisors of Tampa Bay LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,087,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JPST. Sandy Cove Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 3,571.4% in the 3rd quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock worth $7,646,000 after buying an additional 146,606 shares during the last quarter. AE Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 3.9% in the 3rd quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock valued at $17,072,000 after acquiring an additional 12,743 shares during the last quarter. Beacon Financial Advisory LLC grew its position in JPMorgan Ultra-Short Income ETF by 13.0% in the third quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after acquiring an additional 12,895 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth about $3,946,000. Finally, Allen Capital Group LLC increased its stake 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 acquiring an additional 34,921 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.52 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The stock’s 50 day simple moving average is $50.66 and its two-hundred day simple moving average is $50.67. The company has a market cap of $36.26 billion, a PE ratio of 109.83 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced 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. The ex-dividend date of this dividend 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%.

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.