Silverlake Wealth Management LLC Has $5.57 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Silverlake Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.4% during the fourth quarter, HoldingsChannel reports. The firm owned 110,109 shares of the company’s stock after acquiring an additional 18,652 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 1.2% of Silverlake Wealth Management LLC’s holdings, making the stock its 9th largest holding. Silverlake Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,570,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of JPST. JPMorgan Chase & Co. increased its stake in JPMorgan Ultra-Short Income ETF by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after purchasing an additional 7,786,258 shares in the last quarter. Temasek Holdings Private Ltd bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $300,296,000. Bank of America Corp DE lifted its stake 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 in the last quarter. RiverFront Investment Group LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 941.7% in the second quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock valued at $63,800,000 after buying an additional 1,138,031 shares during the period. Finally, Foster Dykema Cabot & Partners LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 42.2% in the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after buying an additional 1,132,264 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of JPST stock opened at $50.56 on Tuesday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79. The firm has a fifty day moving average of $50.65 and a 200-day moving average of $50.66. The company has a market capitalization of $36.28 billion, a price-to-earnings ratio of 109.91 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.1648 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is presently 478.26%.

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.