Gentry Private Wealth LLC Takes $2.27 Million Position 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 its most recent filing 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 comprises approximately 1.6% of Gentry Private Wealth LLC’s investment portfolio, making the stock its 10th biggest holding.

Several other large investors also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV grew its stake in JPMorgan Ultra-Short Income ETF by 34.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 129,864 shares of the company’s stock worth $6,588,000 after purchasing an additional 33,261 shares in the last quarter. MGB Wealth Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $30,000. Rock Creek Group LP boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 10.5% during the third quarter. Rock Creek Group LP now owns 1,257,037 shares of the company’s stock valued at $63,769,000 after purchasing an additional 119,732 shares in the last quarter. TIAA Trust National Association purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter worth $201,000. Finally, Diversify Wealth Management LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 7.4% in the 3rd quarter. Diversify Wealth Management LLC now owns 152,371 shares of the company’s stock valued at $7,705,000 after acquiring an additional 10,559 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.76 on Friday. The company has a market capitalization of $36.43 billion, a PE ratio of 110.35 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79. The company has a 50-day simple moving average of $50.69 and a two-hundred day simple moving average of $50.68.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.172 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is currently 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.