Harbour Investment Management LLC Acquires 52,734 Shares of JPMorgan Ultra-Short Income ETF $JPST

Harbour Investment Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 45.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 168,776 shares of the company’s stock after purchasing an additional 52,734 shares during the period. JPMorgan Ultra-Short Income ETF comprises 3.7% of Harbour Investment Management LLC’s portfolio, making the stock its 4th largest position. Harbour Investment Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPST. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $25,000. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $25,000. MGB Wealth Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $30,000. Brentview Investment Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth $35,000. Finally, Silicon Valley Capital Partners bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth $37,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.56 on Thursday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79. The stock has a market capitalization of $36.28 billion, a PE ratio of 109.91 and a beta of 0.01. The firm’s fifty day moving average price is $50.66 and its 200 day moving average price is $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.1648 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 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.