Capital Asset Advisory Services LLC Buys 379,895 Shares of JPMorgan Ultra-Short Income ETF $JPST

Capital Asset Advisory Services LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 65.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 959,528 shares of the company’s stock after purchasing an additional 379,895 shares during the period. JPMorgan Ultra-Short Income ETF makes up 2.0% of Capital Asset Advisory Services LLC’s investment portfolio, making the stock its 19th largest holding. Capital Asset Advisory Services LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $48,571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Archer Investment Corp raised its stake 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 buying an additional 200 shares in the last quarter. Lakeridge Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 4.5% during the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after acquiring an additional 206 shares in the last quarter. Sax Wealth Advisors LLC boosted its position in 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 in the last quarter. Lantern Wealth Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.0% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after acquiring an additional 226 shares during the period. Finally, Condor Capital Management grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.6% during the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after acquiring an additional 231 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.56 on Tuesday. The firm has a market capitalization of $36.28 billion, a P/E ratio of 109.91 and a beta of 0.01. The stock has a 50 day moving average price of $50.65 and a 200-day moving average price of $50.66. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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

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.