West Paces Advisors Inc. Grows Position in JPMorgan Ultra-Short Income ETF $JPST

West Paces Advisors Inc. grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,871 shares of the company’s stock after purchasing an additional 27,661 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 1.6% of West Paces Advisors Inc.’s investment portfolio, making the stock its 12th largest holding. West Paces Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,442,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Archer Investment Corp raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.2% in the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after purchasing an additional 200 shares during the period. Lakeridge Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.5% in the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after purchasing an additional 206 shares during the period. Sax Wealth Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the 3rd quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after purchasing an additional 220 shares during the period. Lantern Wealth Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.0% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after purchasing an additional 226 shares during the period. Finally, Condor Capital Management raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.6% in the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after purchasing 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 Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.49 on Thursday. The stock’s 50-day moving average is $50.61 and its 200-day moving average is $50.65. The company has a market cap of $37.46 billion, a price-to-earnings ratio of 109.76 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.79.

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 paid a $0.172 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 473.91%.

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.