JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Johnson Financial Group Inc.

Johnson Financial Group Inc. increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,290 shares of the company’s stock after purchasing an additional 17,531 shares during the quarter. Johnson Financial Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. MGB Wealth Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth about $30,000. Brentview Investment Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at $35,000. Silicon Valley Capital Partners bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $37,000. Finally, American National Bank & Trust bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $38,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.52 on Friday. The stock has a market capitalization of $36.26 billion, a P/E ratio of 109.83 and a beta of 0.01. The business’s 50 day moving average is $50.67 and its two-hundred day moving average is $50.67. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.1648 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 478.26%.

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.