JPMorgan Ultra-Short Income ETF $JPST Stake Raised by GK Wealth Management LLC

GK Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 26.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,036 shares of the company’s stock after purchasing an additional 20,186 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 3.6% of GK Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. GK Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its position 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 buying an additional 2,162,615 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock valued at $562,208,000 after acquiring an additional 94,082 shares during the period. HB Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.7% in the 3rd quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock worth $469,487,000 after acquiring an additional 413,847 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 3.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,086,795 shares of the company’s stock worth $358,734,000 after purchasing an additional 232,920 shares during the period. Finally, Cerity Partners LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 5.6% in the 2nd quarter. Cerity Partners LLC now owns 5,231,134 shares of the company’s stock valued at $265,114,000 after purchasing an additional 279,573 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of NYSEARCA JPST opened at $50.68 on Wednesday. The firm has a market cap of $36.37 billion, a price-to-earnings ratio of 110.17 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79. The business’s 50 day moving average is $50.67 and its two-hundred day moving average is $50.67.

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 issued a $0.172 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 482.61%.

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.