JPMorgan Ultra-Short Income ETF $JPST Stake Increased by Peterson Wealth Advisors LLC

Peterson Wealth Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 879,733 shares of the company’s stock after acquiring an additional 63,666 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 5.9% of Peterson Wealth Advisors LLC’s portfolio, making the stock its 5th biggest holding. Peterson Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $44,506,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rossmore Private Capital acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at $25,000. Cardiff Park Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $25,000. MGB Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $30,000. Brentview Investment Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $35,000. Finally, Silicon Valley Capital Partners acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at about $37,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

JPST stock opened at $50.56 on Tuesday. The company has a market cap of $36.28 billion, a P/E ratio of 109.91 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 company’s 50-day moving average price is $50.65 and its 200 day moving average price is $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared 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. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 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.