Woodside Wealth Management LLC Raises Holdings in JPMorgan Ultra-Short Income ETF $JPST

Woodside Wealth Management LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,085 shares of the company’s stock after purchasing an additional 10,215 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 3.3% of Woodside Wealth Management LLC’s portfolio, making the stock its 9th biggest position. Woodside Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of JPST. Millennium Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after buying an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the first quarter valued at $3,603,000. EverSource Wealth Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 99.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after acquiring an additional 496 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $203,000. Finally, Brown Advisory Inc. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 7.6% during the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after purchasing an additional 431 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

Shares of NYSEARCA:JPST opened at $50.59 on Wednesday. The company has a market capitalization of $37.60 billion, a price-to-earnings ratio of 109.98 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.41 and a 12 month high of $50.79. The firm’s 50-day moving average is $50.57 and its 200 day moving average is $50.64.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.172 per share. 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 payout ratio is 473.91%.

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.