JPMorgan Ultra-Short Income ETF $JPST Stake Boosted by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC increased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 41.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,195 shares of the company’s stock after purchasing an additional 28,377 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of JPST. Archer Investment Corp boosted its stake in JPMorgan Ultra-Short Income ETF by 11.2% in the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after purchasing an additional 200 shares during the period. Lakeridge Wealth Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 4.5% during the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after purchasing an additional 206 shares in the last quarter. Sax Wealth Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 2.7% during the 3rd quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after purchasing an additional 220 shares in the last quarter. Lantern Wealth Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 5.0% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after purchasing an additional 226 shares in the last quarter. Finally, Condor Capital Management grew its position in JPMorgan Ultra-Short Income ETF by 1.6% during the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after purchasing an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.51 on Tuesday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.37 and a twelve month high of $50.79. The stock has a market cap of $37.82 billion, a price-to-earnings ratio of 109.80 and a beta of 0.01. The firm’s 50 day moving average price is $50.60 and its two-hundred day moving average price is $50.65.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.172 per share. 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 payout ratio is presently 473.91%.

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.