Retirement Guys Formula LLC Buys 15,462 Shares of JPMorgan Ultra-Short Income ETF $JPST

Retirement Guys Formula LLC boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 178,301 shares of the company’s stock after purchasing an additional 15,462 shares during the period. JPMorgan Ultra-Short Income ETF makes up 4.1% of Retirement Guys Formula LLC’s portfolio, making the stock its largest position. Retirement Guys Formula LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Rossmore Private Capital purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth about $25,000. Cardiff Park Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth about $25,000. MGB Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth about $30,000. Silicon Valley Capital Partners purchased a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth about $37,000. Finally, American National Bank & Trust purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth about $38,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.50 on Monday. The stock has a market capitalization of $37.81 billion, a P/E ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.31 and a 52-week high of $50.79. The firm has a 50-day moving average price of $50.60 and a 200 day moving average price of $50.65.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors 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 dividend payout ratio is currently 473.91%.

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.