Gentry Private Wealth LLC Acquires New Shares in JPMorgan Ultra-Short Income ETF $JPST

Gentry Private Wealth LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 44,822 shares of the company’s stock, valued at approximately $2,274,000. JPMorgan Ultra-Short Income ETF accounts for about 1.6% of Gentry Private Wealth LLC’s holdings, making the stock its 10th biggest holding.

A number of other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 7,786,258 shares during the period. Bank of America Corp DE boosted its stake 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 acquiring an additional 2,162,615 shares in the last quarter. RiverFront Investment Group LLC grew its stake in JPMorgan Ultra-Short Income ETF by 941.7% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after buying an additional 1,138,031 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 42.2% in the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after buying an additional 1,132,264 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 27.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock valued at $244,438,000 after purchasing an additional 1,044,337 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.76 on Friday. The company has a market cap of $36.43 billion, a price-to-earnings ratio of 110.35 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The firm’s 50-day simple moving average is $50.69 and its 200-day simple moving average is $50.68.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently announced 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) annualized dividend and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is 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.