JPMorgan Ultra-Short Income ETF $JPST is StrongBox Wealth LLC’s Largest Position

StrongBox Wealth LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 595,494 shares of the company’s stock after acquiring an additional 23,883 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 9.9% of StrongBox Wealth LLC’s investment portfolio, making the stock its biggest position. StrongBox Wealth LLC owned 0.08% of JPMorgan Ultra-Short Income ETF worth $30,126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rossmore Private Capital purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $25,000. Cardiff Park Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $25,000. MGB Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $30,000. Silicon Valley Capital Partners purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $37,000. Finally, American National Bank & Trust purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $38,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.45 on Tuesday. The stock has a 50-day simple moving average of $50.62 and a 200-day simple moving average of $50.65. The stock has a market capitalization of $37.41 billion, a PE ratio of 109.67 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year 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. Stockholders of record on Monday, February 2nd were paid a $0.172 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 473.91%.

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.