Dakota Wealth Management Grows Position in JPMorgan Ultra-Short Income ETF $JPST

Dakota Wealth Management boosted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 455,141 shares of the company’s stock after purchasing an additional 31,541 shares during the period. Dakota Wealth Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $23,089,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after buying an additional 7,786,258 shares during the period. Bank of America Corp DE lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock worth $562,208,000 after acquiring an additional 94,082 shares during the last quarter. HB Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 4.7% during the 3rd quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock valued at $469,487,000 after acquiring an additional 413,847 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in JPMorgan Ultra-Short Income ETF by 3.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,086,795 shares of the company’s stock valued at $358,734,000 after acquiring an additional 232,920 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPST stock opened at $50.75 on Tuesday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The firm has a market cap of $36.42 billion, a price-to-earnings ratio of 110.33 and a beta of 0.01. The business’s fifty day simple moving average is $50.68 and its two-hundred day simple moving average is $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.172 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 482.61%.

JPMorgan Ultra-Short Income ETF Company 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.