Gerber Kawasaki Wealth & Investment Management Buys 57,755 Shares of JPMorgan Ultra-Short Income ETF $JPST

Gerber Kawasaki Wealth & Investment Management increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 597,737 shares of the company’s stock after purchasing an additional 57,755 shares during the period. JPMorgan Ultra-Short Income ETF makes up 1.0% of Gerber Kawasaki Wealth & Investment Management’s holdings, making the stock its 28th largest position. Gerber Kawasaki Wealth & Investment Management owned approximately 0.09% of JPMorgan Ultra-Short Income ETF worth $30,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in JPST. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after purchasing an additional 7,786,258 shares in the last quarter. Bank of America Corp DE boosted its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after buying an additional 2,162,615 shares during the period. RiverFront Investment Group LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 941.7% during the second 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 in the last quarter. Foster Dykema Cabot & Partners LLC raised its position in JPMorgan Ultra-Short Income ETF by 42.2% in the 2nd 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. raised its position in JPMorgan Ultra-Short Income ETF by 27.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock valued at $244,438,000 after buying an additional 1,044,337 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.56 on Monday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79. The stock’s 50 day moving average price is $50.68 and its two-hundred day moving average price is $50.67. The stock has a market capitalization of $36.28 billion, a price-to-earnings ratio of 109.91 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.1648 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 478.26%.

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.