Midland Wealth Advisors LLC Raises Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Midland Wealth Advisors LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPSTFree Report) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,965 shares of the company’s stock after purchasing an additional 10,692 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 0.2% of Midland Wealth Advisors LLC’s holdings, making the stock its 28th biggest holding. Midland Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,754,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Cardiff Park Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $25,000. Rossmore Private Capital purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $25,000. MGB Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $30,000. American National Bank & Trust purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $38,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at $38,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.56 on Friday. The company’s fifty day simple moving average is $50.59 and its two-hundred day simple moving average is $50.64. The company has a market cap of $37.86 billion, a P/E ratio of 109.91 and a beta of 0.01. 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 business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders 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 yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 473.91%.

JPMorgan Ultra-Short Income ETF Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

Receive News & Ratings for JPMorgan Ultra-Short Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Ultra-Short Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.