Authentikos Wealth Advisory LLC Has $2.29 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

Authentikos Wealth Advisory LLC grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 56.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 45,098 shares of the company’s stock after acquiring an additional 16,299 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 1.5% of Authentikos Wealth Advisory LLC’s investment portfolio, making the stock its 23rd biggest position. Authentikos Wealth Advisory LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after purchasing an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at approximately $3,603,000. US Bancorp DE boosted its position in JPMorgan Ultra-Short Income ETF by 104.2% during the 2nd quarter. US Bancorp DE now owns 36,000 shares of the company’s stock worth $1,824,000 after buying an additional 18,373 shares during the period. Stonebridge Financial Group LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 22.1% during the 2nd quarter. Stonebridge Financial Group LLC now owns 4,670 shares of the company’s stock worth $237,000 after acquiring an additional 845 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC increased its position in JPMorgan Ultra-Short Income ETF by 3.3% in the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 13,984 shares of the company’s stock valued at $709,000 after acquiring an additional 441 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.65 on Friday. The company has a market capitalization of $36.35 billion, a P/E ratio of 110.11 and a beta of 0.01. The company has a fifty day moving average price of $50.66 and a 200-day moving average price of $50.66. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.172 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is 482.61%.

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.