Diversify Wealth Management LLC Acquires 10,559 Shares of JPMorgan Ultra-Short Income ETF $JPST

Diversify Wealth Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 152,371 shares of the company’s stock after acquiring an additional 10,559 shares during the quarter. Diversify Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JPST. JPMorgan Chase & Co. lifted its stake in JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after purchasing an additional 7,786,258 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after buying an additional 2,162,615 shares during the period. RiverFront Investment Group LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 941.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock valued at $63,800,000 after acquiring an additional 1,138,031 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 42.2% in the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after acquiring an additional 1,132,264 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in JPMorgan Ultra-Short Income ETF by 27.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock valued at $244,438,000 after acquiring an additional 1,044,337 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.76 on Friday. The stock’s 50 day simple moving average is $50.69 and its 200 day simple moving average is $50.67. The firm has a market cap of $36.43 billion, a price-to-earnings ratio of 110.35 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.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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