Kensington Asset Management LLC Buys 1,007,375 Shares of JPMorgan Ultra-Short Income ETF $JPST

Kensington Asset Management LLC grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1,382.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,080,232 shares of the company’s stock after buying an additional 1,007,375 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 3.3% of Kensington Asset Management LLC’s portfolio, making the stock its 11th biggest position. Kensington Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $54,800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Archer Investment Corp grew its position in JPMorgan Ultra-Short Income ETF by 11.2% in the third quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after acquiring an additional 200 shares in the last quarter. Sax Wealth Advisors LLC lifted its position in JPMorgan Ultra-Short Income ETF by 2.7% in the 3rd quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after buying an additional 220 shares during the last quarter. Condor Capital Management boosted its stake in JPMorgan Ultra-Short Income ETF by 1.6% in the third quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after buying an additional 231 shares in the last quarter. Daner Wealth Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 1.1% during the third quarter. Daner Wealth Management LLC now owns 21,885 shares of the company’s stock valued at $1,110,000 after acquiring an additional 236 shares during the last quarter. Finally, Keel Point LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock worth $862,000 after acquiring an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.75 on Thursday. 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 market cap of $36.42 billion, a price-to-earnings ratio of 110.33 and a beta of 0.01. The firm has a 50 day moving average price of $50.69 and a 200-day moving average price of $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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