Sherman Wealth Management LLC Takes $5.08 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Sherman Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPSTFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,431 shares of the company’s stock, valued at approximately $5,081,000. JPMorgan Ultra-Short Income ETF accounts for about 4.4% of Sherman Wealth Management LLC’s holdings, making the stock its 5th biggest position.

Several other large investors have also bought and sold shares of JPST. Rossmore Private Capital acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth about $25,000. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. MGB Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $30,000. Brentview Investment Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $35,000. Finally, Silicon Valley Capital Partners bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $37,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.53 on Monday. The firm’s 50 day moving average is $50.64 and its 200-day moving average is $50.66. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79. The stock has a market capitalization of $36.26 billion, a P/E ratio of 109.85 and a beta of 0.01.

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 issued 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 was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 478.26%.

About JPMorgan Ultra-Short Income ETF

(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.

Further Reading

Institutional Ownership by Quarter for JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

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