Buck Wealth Strategies LLC Buys 11,324 Shares of JPMorgan Ultra-Short Income ETF $JPST

Buck Wealth Strategies LLC grew its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 264,584 shares of the company’s stock after acquiring an additional 11,324 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 1.8% of Buck Wealth Strategies LLC’s investment portfolio, making the stock its 14th biggest position. Buck Wealth Strategies LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE raised its holdings in JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd 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 during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock valued at $562,208,000 after acquiring an additional 94,082 shares during the last quarter. HB Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.7% during the third quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock worth $469,487,000 after purchasing an additional 413,847 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 3.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,086,795 shares of the company’s stock worth $358,734,000 after purchasing an additional 232,920 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 5.6% in the second quarter. Cerity Partners LLC now owns 5,231,134 shares of the company’s stock valued at $265,114,000 after purchasing an additional 279,573 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.3%

Shares of NYSEARCA:JPST opened at $50.61 on Tuesday. The firm has a market cap of $36.32 billion, a P/E ratio of 110.02 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79. The business has a fifty day simple moving average of $50.67 and a 200 day simple moving average of $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.172 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is currently 486.96%.

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.