Woodmont Investment Counsel LLC Has $442,000 Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Woodmont Investment Counsel LLC cut its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 63.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 8,711 shares of the company’s stock after selling 15,290 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in JPST. Bank of America Corp DE boosted its stake in JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the period. RiverFront Investment Group LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 941.7% during the second quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after buying an additional 1,138,031 shares in the last quarter. Foster Dykema Cabot & Partners LLC boosted its position 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 acquiring an additional 1,132,264 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 27.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock valued at $244,438,000 after acquiring an additional 1,044,337 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in JPMorgan Ultra-Short Income ETF by 34.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,990,344 shares of the company’s stock worth $202,169,000 after acquiring an additional 1,027,118 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.3%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.61 on Tuesday. The stock has a market capitalization of $36.32 billion, a price-to-earnings ratio of 110.02 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The company has a 50-day simple moving average of $50.67 and a two-hundred day simple moving average of $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be paid a $0.172 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is 486.96%.

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.