Buck Wealth Strategies LLC Has $13.42 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Buck Wealth Strategies LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 264,584 shares of the company’s stock after acquiring an additional 11,324 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 1.8% of Buck Wealth Strategies LLC’s holdings, making the stock its 14th largest holding. Buck Wealth Strategies LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,422,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rossmore Private Capital bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $25,000. Brentview Investment Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth about $35,000. Silicon Valley Capital Partners bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $37,000. American National Bank & Trust purchased a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $38,000. Finally, Frazier Financial Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $41,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Down 0.3%

Shares of NYSEARCA JPST opened at $50.61 on Tuesday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The stock’s 50 day moving average price is $50.67 and its 200-day moving average price is $50.66. The company has a market capitalization of $36.32 billion, a PE ratio of 110.02 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd will be given a $0.172 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 486.96%.

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.