Captrust Financial Advisors Acquires 51,717 Shares of JPMorgan Ultra-Short Income ETF $JPST

Captrust Financial Advisors increased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 958,127 shares of the company’s stock after buying an additional 51,717 shares during the quarter. Captrust Financial Advisors’ holdings in JPMorgan Ultra-Short Income ETF were worth $48,606,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in JPST. Archer Investment Corp raised its position in JPMorgan Ultra-Short Income ETF by 11.2% in the third quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after acquiring an additional 200 shares during the period. Sax Wealth Advisors LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 2.7% during the 3rd quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock valued at $421,000 after acquiring an additional 220 shares during the period. Condor Capital Management increased its stake in shares of JPMorgan Ultra-Short Income ETF by 1.6% in the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after purchasing an additional 231 shares in the last quarter. Daner Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 1.1% in the 3rd quarter. Daner Wealth Management LLC now owns 21,885 shares of the company’s stock worth $1,110,000 after purchasing an additional 236 shares in the last quarter. Finally, Keel Point LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after purchasing an additional 239 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.56 on Thursday. The business’s fifty day moving average is $50.66 and its 200 day moving average is $50.67. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The company has a market capitalization of $36.28 billion, a PE ratio of 109.91 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1648 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 478.26%.

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.