Directional Asset Management Purchases Shares of 72,750 JPMorgan Ultra-Short Income ETF $JPST

Directional Asset Management acquired a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 72,750 shares of the company’s stock, valued at approximately $3,680,000. JPMorgan Ultra-Short Income ETF accounts for approximately 3.2% of Directional Asset Management’s investment portfolio, making the stock its 5th biggest position.

Several other institutional investors have also recently made changes to their positions in JPST. JPMorgan Chase & Co. boosted its holdings in JPMorgan Ultra-Short Income ETF by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after buying an additional 7,786,258 shares in the last quarter. Temasek Holdings Private Ltd acquired a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at $300,296,000. Bank of America Corp DE increased its holdings in JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after buying an additional 2,162,615 shares in the last quarter. Kensington Asset Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 1,382.7% in the third quarter. Kensington Asset Management LLC now owns 1,080,232 shares of the company’s stock valued at $54,800,000 after buying an additional 1,007,375 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp raised its position in shares of JPMorgan Ultra-Short Income ETF by 89.2% in the third quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,891,700 shares of the company’s stock worth $95,966,000 after acquiring an additional 891,700 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPST stock opened at $50.57 on Friday. The company’s 50-day simple moving average is $50.58 and its 200-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. The firm has a market cap of $37.62 billion, a P/E ratio of 109.93 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.172 dividend. The ex-dividend date of this dividend 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 presently 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.