Rahlfs Capital LLC Grows Stake in JPMorgan Ultra-Short Income ETF $JPST

Rahlfs Capital LLC boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 235.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,255 shares of the company’s stock after purchasing an additional 95,580 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 5.5% of Rahlfs Capital LLC’s portfolio, making the stock its 4th biggest position. Rahlfs Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,912,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Archer Investment Corp increased its stake in shares of JPMorgan Ultra-Short Income ETF by 11.2% in the 3rd 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 boosted its stake in JPMorgan Ultra-Short Income ETF by 2.7% during the third quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after acquiring an additional 220 shares in the last quarter. Condor Capital Management grew its holdings 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 purchasing an additional 231 shares during the period. Daner Wealth Management LLC increased its stake in shares of 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 purchasing an additional 236 shares in the last quarter. Finally, Keel Point LLC lifted its holdings 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 valued at $862,000 after purchasing an additional 239 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.58 on Wednesday. The stock has a market cap of $36.30 billion, a P/E ratio of 109.96 and a beta of 0.01. The business’s 50 day moving average price is $50.69 and its 200-day moving average price is $50.68. 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 announced a monthly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd will be paid a $0.1648 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is currently 482.61%.

JPMorgan Ultra-Short Income ETF Company 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.