JPMorgan Ultra-Short Income ETF $JPST Shares Purchased by Assetmark Inc.

Assetmark Inc. raised its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.5% in the third quarter, HoldingsChannel.com reports. The firm owned 1,441,768 shares of the company’s stock after buying an additional 34,904 shares during the period. Assetmark Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $73,141,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sandy Cove Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 3,571.4% during the 3rd quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock valued at $7,646,000 after purchasing an additional 146,606 shares in the last quarter. AE Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 3.9% during the third quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock valued at $17,072,000 after purchasing an additional 12,743 shares during the last quarter. Beacon Financial Advisory LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 13.0% during the third quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after buying an additional 12,895 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $3,946,000. Finally, Allen Capital Group LLC grew its position in JPMorgan Ultra-Short Income ETF by 16.1% in the third quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock worth $12,767,000 after buying an additional 34,921 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.68 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The business’s fifty day moving average is $50.67 and its two-hundred day moving average is $50.67. The stock has a market capitalization of $36.37 billion, a P/E ratio of 110.17 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, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.172 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is 482.61%.

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.