JPMorgan Ultra-Short Income ETF $JPST is Compass Financial Services Inc’s 3rd Largest Position

Compass Financial Services Inc lowered its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 446,972 shares of the company’s stock after selling 10,453 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 10.0% of Compass Financial Services Inc’s holdings, making the stock its 3rd biggest position. Compass Financial Services Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $22,675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. Brentview Investment Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth $35,000. Silicon Valley Capital Partners acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth about $37,000. 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. Finally, Quaker Wealth Management LLC raised its holdings 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 worth $41,000 after purchasing an additional 1,906 shares during the period. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Down 0.3%

Shares of JPST stock opened at $50.61 on Tuesday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79. The business’s 50 day moving average is $50.67 and its two-hundred day moving average is $50.66. The company has a market capitalization of $36.32 billion, a P/E ratio of 110.02 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be paid a $0.172 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 486.96%.

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.