Prospera Financial Services Inc Has $6.90 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Prospera Financial Services Inc grew its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 135,918 shares of the company’s stock after acquiring an additional 30,756 shares during the period. Prospera Financial Services Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JPST. Rossmore Private Capital acquired a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at $25,000. Brentview Investment Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $35,000. Silicon Valley Capital Partners purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $37,000. American National Bank & Trust acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $38,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $41,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.68 on Wednesday. The business has a 50 day simple moving average of $50.67 and a 200 day simple moving average of $50.67. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79. The stock has a market cap of $36.37 billion, a price-to-earnings ratio of 110.17 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.172 dividend. 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 payout ratio is currently 482.61%.

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.