Greenbush Financial Group LLC Grows Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Greenbush Financial Group LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 28.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,517 shares of the company’s stock after purchasing an additional 20,623 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 1.6% of Greenbush Financial Group LLC’s holdings, making the stock its 20th largest holding. Greenbush Financial Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth about $25,000. MGB Wealth Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $30,000. Silicon Valley Capital Partners purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $37,000. Finally, American National Bank & Trust acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.46 on Friday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79. The company has a 50 day moving average of $50.62 and a 200 day moving average of $50.66. The company has a market capitalization of $37.42 billion, a P/E ratio of 109.70 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.172 dividend. 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 presently 478.26%.

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.