LexAurum Advisors LLC Has $30.27 Million Stock Position in JPMorgan Ultra-Short Income ETF $JPST

LexAurum Advisors LLC boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 596,683 shares of the company’s stock after buying an additional 27,103 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 4.3% of LexAurum Advisors LLC’s investment portfolio, making the stock its 3rd largest position. LexAurum Advisors LLC owned 0.09% of JPMorgan Ultra-Short Income ETF worth $30,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Rossmore Private Capital acquired a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at about $25,000. Brentview Investment Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $35,000. Silicon Valley Capital Partners bought a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $37,000. American National Bank & Trust acquired a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $38,000. Finally, Quaker Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 173.1% in the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after buying an additional 1,906 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.65 on Monday. The stock has a market capitalization of $36.35 billion, a P/E ratio of 110.11 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 stock has a fifty day moving average of $50.66 and a 200-day moving average of $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.172 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 482.61%.

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.