JPMorgan Ultra-Short Income ETF $JPST is Elmwood Wealth Management Inc.’s 5th Largest Position

Elmwood Wealth Management Inc. lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 18.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 141,243 shares of the company’s stock after buying an additional 22,087 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 2.5% of Elmwood Wealth Management Inc.’s holdings, making the stock its 5th largest position. Elmwood Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,165,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JPST. Rossmore Private Capital acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at $25,000. Brentview Investment Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $35,000. Silicon Valley Capital Partners acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $37,000. American National Bank & Trust purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth about $38,000. Finally, Quaker Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 173.1% in the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after buying an additional 1,906 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.67 on Thursday. The firm has a market cap of $36.36 billion, a P/E ratio of 110.15 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The firm’s 50 day moving average price is $50.67 and its 200 day moving average price is $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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