Lake Street Private Wealth LLC Buys 10,454 Shares of JPMorgan Ultra-Short Income ETF $JPST

Lake Street Private Wealth LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 39.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,212 shares of the company’s stock after purchasing an additional 10,454 shares during the quarter. Lake Street Private Wealth LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,883,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. Rossmore Private Capital bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $25,000. MGB Wealth Management LLC bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $30,000. Brentview Investment Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $35,000. Finally, Silicon Valley Capital Partners acquired a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $37,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Down 0.1%

NYSEARCA JPST opened at $50.52 on Friday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79. The business has a 50 day moving average price of $50.66 and a 200-day moving average price of $50.66. The company has a market cap of $36.26 billion, a price-to-earnings ratio of 109.83 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.1648 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.9%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 478.26%.

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.