Jacobi Capital Management LLC Boosts Stake in JPMorgan Ultra-Short Income ETF $JPST

Jacobi Capital Management LLC boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2,216.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 206,068 shares of the company’s stock after purchasing an additional 197,172 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 0.6% of Jacobi Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding. Jacobi Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $10,454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of JPST. Sandy Cove Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 3,571.4% during the third quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock worth $7,646,000 after acquiring an additional 146,606 shares during the period. AE Wealth Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 3.9% in the third quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock valued at $17,072,000 after acquiring an additional 12,743 shares in the last quarter. Beacon Financial Advisory LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 13.0% during the 3rd quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after acquiring an additional 12,895 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $3,946,000. Finally, Allen Capital Group LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 16.1% in the 3rd quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock valued at $12,767,000 after purchasing an additional 34,921 shares in the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.71 on Wednesday. The company has a market cap of $36.39 billion, a PE ratio of 110.24 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79. The firm’s 50 day moving average price is $50.68 and its 200-day moving average price is $50.67.

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 given a $0.172 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 482.61%.

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.