Midland Wealth Advisors LLC Grows Holdings in JPMorgan Ultra-Short Income ETF $JPST

Midland Wealth Advisors LLC increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 12.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 93,965 shares of the company’s stock after acquiring an additional 10,692 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 0.2% of Midland Wealth Advisors LLC’s holdings, making the stock its 28th largest holding. Midland Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,754,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JPST. Millennium Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter worth about $3,603,000. EverSource Wealth Advisors LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 99.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after purchasing an additional 496 shares in the last quarter. First Trust Advisors LP bought a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $203,000. Finally, Brown Advisory Inc. boosted its stake in JPMorgan Ultra-Short Income ETF by 7.6% in the 2nd quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after purchasing an additional 431 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.56 on Friday. The stock has a market capitalization of $37.86 billion, a P/E ratio of 109.91 and a beta of 0.01. The company’s 50-day simple moving average is $50.59 and its two-hundred day simple moving average is $50.64. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.41 and a 52-week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.172 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. 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.