JPMorgan Ultra-Short Income ETF $JPST is Phoenix Wealth Advisors’ Largest Position

Phoenix Wealth Advisors increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 646,548 shares of the company’s stock after acquiring an additional 22,687 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 12.6% of Phoenix Wealth Advisors’ investment portfolio, making the stock its biggest position. Phoenix Wealth Advisors owned 0.09% of JPMorgan Ultra-Short Income ETF worth $32,709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossmore Private Capital purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. Cardiff Park Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. MGB Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $30,000. Silicon Valley Capital Partners purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth about $37,000. Finally, American National Bank & Trust purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPST opened at $50.49 on Thursday. The firm has a market cap of $37.46 billion, a P/E 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. The stock has a 50-day moving average of $50.61 and a 200 day moving average of $50.65.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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