Johnson Financial Group Inc. Purchases 17,531 Shares of JPMorgan Ultra-Short Income ETF $JPST

Johnson Financial Group Inc. raised its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 136,290 shares of the company’s stock after buying an additional 17,531 shares during the period. Johnson Financial Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,914,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in 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 purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $30,000. Brentview Investment Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $35,000. Silicon Valley Capital Partners acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $37,000. Finally, American National Bank & Trust bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.52 on Friday. The firm’s 50 day simple moving average is $50.67 and its 200-day simple moving average is $50.67. The firm 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 has a one year low of $50.30 and a one year high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.1648 dividend. 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 is 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.