Thomasville National Bank Purchases 11,402 Shares of JPMorgan Ultra-Short Income ETF $JPST

Thomasville National Bank lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 424,130 shares of the company’s stock after buying an additional 11,402 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 1.3% of Thomasville National Bank’s holdings, making the stock its 27th largest position. Thomasville National Bank’s holdings in JPMorgan Ultra-Short Income ETF were worth $21,457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of JPST. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $25,000. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. MGB Wealth Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $30,000. American National Bank & Trust bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $38,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.52 on Friday. The stock has a market capitalization of $37.83 billion, a price-to-earnings ratio of 109.83 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.41 and a 52-week high of $50.79. The stock’s 50 day moving average price is $50.59 and its two-hundred day moving average price is $50.64.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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