Lokken Investment Group LLC Has $5.53 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

Lokken Investment Group LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 108,914 shares of the company’s stock after acquiring an additional 12,015 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 1.9% of Lokken Investment Group LLC’s holdings, making the stock its 15th largest position. Lokken Investment Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,525,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bank of America Corp DE raised its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock worth $562,208,000 after buying an additional 94,082 shares during the period. HB Wealth Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 4.7% in the 3rd quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock valued at $469,487,000 after buying an additional 413,847 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 3.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,086,795 shares of the company’s stock worth $358,734,000 after acquiring an additional 232,920 shares during the period. Finally, Cerity Partners LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 5.6% in the 2nd quarter. Cerity Partners LLC now owns 5,231,134 shares of the company’s stock worth $265,114,000 after acquiring an additional 279,573 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.61 on Wednesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The firm has a fifty day moving average price of $50.67 and a two-hundred day moving average price of $50.66. The firm has a market cap of $36.32 billion, a price-to-earnings ratio of 110.02 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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