Webster Bank N. A. Grows Position in JPMorgan Ultra-Short Income ETF $JPST

Webster Bank N. A. increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 27.0% in the fourth quarter, HoldingsChannel reports. The firm owned 107,339 shares of the company’s stock after purchasing an additional 22,815 shares during the quarter. Webster Bank N. A.’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,430,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rossmore Private Capital purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $25,000. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $25,000. MGB Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $30,000. Silicon Valley Capital Partners purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $37,000. Finally, American National Bank & Trust purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST traded up $0.01 on Tuesday, reaching $50.52. The stock had a trading volume of 356,434 shares, compared to its average volume of 6,902,157. The firm has a market capitalization of $37.83 billion, a price-to-earnings ratio of 109.83 and a beta of 0.01. The company has a 50-day simple moving average of $50.60 and a 200-day simple moving average of $50.65. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month 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 paid a $0.172 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) 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.