West Paces Advisors Inc. Purchases 27,661 Shares of JPMorgan Ultra-Short Income ETF $JPST

West Paces Advisors Inc. boosted its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,871 shares of the company’s stock after purchasing an additional 27,661 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 1.6% of West Paces Advisors Inc.’s investment portfolio, making the stock its 12th largest holding. West Paces Advisors Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,442,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in JPST. Rossmore Private Capital bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. Cardiff Park Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at about $25,000. MGB Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at about $30,000. Silicon Valley Capital Partners acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at about $37,000. Finally, American National Bank & Trust acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at about $38,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPST opened at $50.49 on Thursday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79. The company has a market cap of $37.46 billion, a P/E ratio of 109.76 and a beta of 0.01. The firm’s 50-day moving average price is $50.61 and its 200-day moving average price is $50.65.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.172 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is 473.91%.

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.