Howard Financial Services LTD. Raises Stake in JPMorgan Ultra-Short Income ETF $JPST

Howard Financial Services LTD. raised its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 177.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 174,653 shares of the company’s stock after acquiring an additional 111,780 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 1.0% of Howard Financial Services LTD.’s portfolio, making the stock its 25th biggest holding. Howard Financial Services LTD.’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,836,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. DAVENPORT & Co LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.2% during the 4th quarter. DAVENPORT & Co LLC now owns 85,630 shares of the company’s stock valued at $4,332,000 after purchasing an additional 7,920 shares during the last quarter. Certified Advisory Corp grew its position in JPMorgan Ultra-Short Income ETF by 10.6% during the 4th quarter. Certified Advisory Corp now owns 73,658 shares of the company’s stock worth $3,726,000 after acquiring an additional 7,034 shares during the last quarter. Perennial Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 8.1% during the 4th quarter. Perennial Advisors LLC now owns 200,875 shares of the company’s stock worth $10,163,000 after acquiring an additional 15,081 shares during the last quarter. Daymark Wealth Partners LLC increased its stake in JPMorgan Ultra-Short Income ETF by 23.5% in the 4th quarter. Daymark Wealth Partners LLC now owns 188,609 shares of the company’s stock worth $9,542,000 after purchasing an additional 35,842 shares during the period. Finally, JGP Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 0.8% in the fourth quarter. JGP Wealth Management LLC now owns 88,979 shares of the company’s stock worth $4,501,000 after buying an additional 713 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.55 on Wednesday. The company’s fifty day simple moving average is $50.65 and its two-hundred day simple moving average is $50.66. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79. The firm has a market cap of $36.28 billion, a PE ratio of 109.89 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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

JPMorgan Ultra-Short Income ETF Company 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.