Mezzasalma Advisors LLC Buys 33,446 Shares of JPMorgan Ultra-Short Income ETF $JPST

Mezzasalma Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 70.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 80,646 shares of the company’s stock after acquiring an additional 33,446 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 0.9% of Mezzasalma Advisors LLC’s portfolio, making the stock its 29th largest position. Mezzasalma Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of JPST. Rossmore Private Capital bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at $25,000. Cardiff Park Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $25,000. MGB Wealth Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $30,000. Silicon Valley Capital Partners acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $37,000. Finally, American National Bank & Trust bought a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $38,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.46 on Monday. The stock’s 50 day simple moving average is $50.62 and its 200 day simple moving average is $50.66. The company has a market cap of $37.42 billion, a P/E ratio of 109.70 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company 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. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is presently 473.91%.

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.