JPMorgan Ultra-Short Income ETF $JPST Shares Bought by Prentice Wealth Management LLC

Prentice Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 408.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,007 shares of the company’s stock after buying an additional 37,769 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 0.5% of Prentice Wealth Management LLC’s holdings, making the stock its 28th largest position. Prentice Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,378,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after buying an additional 7,786,258 shares during the period. Bank of America Corp DE grew its stake 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 worth $826,438,000 after acquiring an additional 2,162,615 shares during the period. UBS Group AG lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 5.9% during the 4th quarter. UBS Group AG now owns 9,469,398 shares of the company’s stock worth $479,057,000 after purchasing an additional 531,080 shares during the period. HB Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 1.5% in the fourth quarter. HB Wealth Management LLC now owns 9,443,109 shares of the company’s stock valued at $475,272,000 after purchasing an additional 140,546 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 3.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,086,795 shares of the company’s stock worth $358,734,000 after buying an additional 232,920 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

JPST stock opened at $50.59 on Thursday. The business has a fifty day simple moving average of $50.57 and a 200-day simple moving average of $50.64. The company has a market cap of $37.60 billion, a price-to-earnings ratio of 109.98 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.41 and a 52 week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently disclosed 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 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 (DPR) is presently 473.91%.

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.