101,206 Shares in JPMorgan Ultra-Short Income ETF $JPST Acquired by Wealth Enhancement Trust Services Inc.

Wealth Enhancement Trust Services Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 101,206 shares of the company’s stock, valued at approximately $5,120,000.

A number of other institutional investors and hedge funds have also modified their holdings of JPST. Rossmore Private Capital bought a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at $25,000. Cardiff Park Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at $25,000. MGB Wealth Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $30,000. American National Bank & Trust purchased a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $38,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $38,000. 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 company’s 50-day simple moving average is $50.59 and its two-hundred day simple moving average is $50.64. The stock has a market capitalization of $37.86 billion, a P/E ratio of 109.91 and a beta of 0.01. 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 disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.172 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is 473.91%.

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.