Saxony Capital Management LLC Has $4.98 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Saxony Capital Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 104.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 98,384 shares of the company’s stock after acquiring an additional 50,326 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 3.1% of Saxony Capital Management LLC’s portfolio, making the stock its 5th biggest position. Saxony Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Archer Investment Corp grew its position in shares of JPMorgan Ultra-Short Income ETF by 11.2% during the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the period. Lakeridge Wealth Management LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 4.5% during the fourth quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after buying an additional 206 shares during the last quarter. Sax Wealth Advisors LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 2.7% in the third quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock valued at $421,000 after buying an additional 220 shares during the period. Lantern Wealth Advisors LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 5.0% in the third quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock valued at $240,000 after buying an additional 226 shares during the period. Finally, 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 valued at $741,000 after acquiring an additional 231 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.57 on Tuesday. The firm’s 50 day moving average price is $50.64 and its two-hundred day moving average price is $50.66. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79. The stock has a market cap of $36.29 billion, a PE ratio of 109.93 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.172 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is 478.26%.

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.