JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) to Issue Dividend of $0.22

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPSTGet Free Report) announced a dividend on Thursday, January 4th, NASDAQ reports. Shareholders of record on Tuesday, April 2nd will be paid a dividend of 0.2205 per share on Thursday, April 4th. The ex-dividend date of this dividend is Monday, April 1st. This is a boost from JPMorgan Ultra-Short Income ETF’s previous dividend of $0.20.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST traded down $0.01 during mid-day trading on Friday, reaching $50.45. The company had a trading volume of 4,009,936 shares, compared to its average volume of 3,673,192. The stock has a fifty day moving average of $50.36 and a two-hundred day moving average of $50.25. JPMorgan Ultra-Short Income ETF has a 12-month low of $49.93 and a 12-month high of $50.51.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 143.7% in the second quarter. PNC Financial Services Group Inc. now owns 4,494 shares of the company’s stock worth $225,000 after acquiring an additional 2,650 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 64.0% during the 1st quarter. Advisors Asset Management Inc. now owns 4,239 shares of the company’s stock worth $213,000 after purchasing an additional 1,654 shares in the last quarter. American Trust acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $202,000. Stonebridge Capital Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 76.6% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,943 shares of the company’s stock valued at $97,000 after buying an additional 843 shares in the last quarter. Finally, ICA Group Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth approximately $62,000.

About JPMorgan Ultra-Short Income ETF

(Get Free Report)

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.

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