Endowment Wealth Management Inc. Acquires 16,914 Shares of JPMorgan Ultra-Short Income ETF $JPST

Endowment Wealth Management Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 27.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,299 shares of the company’s stock after buying an additional 16,914 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 1.8% of Endowment Wealth Management Inc.’s investment portfolio, making the stock its 12th biggest position. Endowment Wealth Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,972,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd 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 last quarter. Charles Schwab Investment Management Inc. boosted its holdings in JPMorgan Ultra-Short Income ETF by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock worth $562,208,000 after acquiring an additional 94,082 shares in the last quarter. HB Wealth Management LLC grew its position 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 purchasing an additional 413,847 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 3.4% during the third 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 in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 5.6% during the second quarter. Cerity Partners LLC now owns 5,231,134 shares of the company’s stock valued at $265,114,000 after buying an additional 279,573 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.68 on Wednesday. The business’s fifty day simple moving average is $50.67 and its 200 day simple moving average is $50.67. The firm has a market capitalization of $36.37 billion, a P/E ratio of 110.17 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.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.172 per share. 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 presently 482.61%.

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.