JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Cottage Street Advisors LLC

Cottage Street Advisors LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 82.9% in the 4th quarter, HoldingsChannel reports. The fund owned 129,882 shares of the company’s stock after acquiring an additional 58,881 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 2.8% of Cottage Street Advisors LLC’s portfolio, making the stock its 9th biggest holding. Cottage Street Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,571,000 at the end of the most recent reporting period.

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

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.53 on Thursday. The company has a fifty day simple moving average of $50.59 and a 200-day simple moving average of $50.64. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month high of $50.79. The stock has a market cap of $37.83 billion, a price-to-earnings ratio of 109.85 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.172 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%. 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.