Gamco Investors INC. ET AL Purchases 27,740 Shares of JPMorgan Ultra-Short Income ETF $JPST

Gamco Investors INC. ET AL lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 37.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,905 shares of the company’s stock after buying an additional 27,740 shares during the quarter. Gamco Investors INC. ET AL’s holdings in JPMorgan Ultra-Short Income ETF were worth $5,119,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of JPST. JPMorgan Chase & Co. lifted its holdings in JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after buying an additional 7,786,258 shares during the period. Bank of America Corp DE grew its holdings in JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares during the period. RiverFront Investment Group LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 941.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after acquiring an additional 1,138,031 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 42.2% in the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock worth $193,336,000 after acquiring an additional 1,132,264 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 27.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock valued at $244,438,000 after purchasing an additional 1,044,337 shares during the period. 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 $50.56 on Monday. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79. The stock’s 50-day moving average is $50.68 and its 200 day moving average is $50.67. The firm has a market cap 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 firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders 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) annualized dividend and a yield of 3.9%. JPMorgan Ultra-Short Income ETF’s payout ratio is 478.26%.

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.