Redmont Wealth Advisors LLC Buys Shares of 36,489 JPMorgan Ultra-Short Income ETF $JPST

Redmont Wealth Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 36,489 shares of the company’s stock, valued at approximately $1,851,000. JPMorgan Ultra-Short Income ETF accounts for about 2.6% of Redmont Wealth Advisors LLC’s portfolio, making the stock its 8th largest position.

A number of other hedge funds have also added to or reduced their stakes in JPST. Rossmore Private Capital acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $25,000. Brentview Investment Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $35,000. Silicon Valley Capital Partners acquired a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at about $37,000. American National Bank & Trust bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at about $38,000. Finally, Quaker Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after acquiring an additional 1,906 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.71 on Thursday. The firm has a 50-day moving average price of $50.68 and a 200-day moving average price of $50.67. 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 $36.39 billion, a P/E ratio of 110.24 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.172 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is presently 482.61%.

About JPMorgan Ultra-Short Income ETF

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.