Wall Street Financial Group Inc. Purchases New Shares in JPMorgan Ultra-Short Income ETF $JPST

Wall Street Financial Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, HoldingsChannel reports. The fund acquired 14,695 shares of the company’s stock, valued at approximately $733,000.

Several other institutional investors have also modified their holdings of the stock. Rossmore Private Capital purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth about $25,000. Cardiff Park Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. MGB Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $30,000. Silicon Valley Capital Partners acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $37,000. Finally, American National Bank & Trust acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.3%

NYSEARCA:JPST opened at $50.44 on Thursday. The stock has a 50 day moving average of $50.63 and a two-hundred day moving average of $50.66. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.79. The firm has a market cap of $37.40 billion, a P/E ratio of 109.65 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.172 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 478.26%.

JPMorgan Ultra-Short Income ETF Company 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.