JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Strategies Wealth Advisors LLC

Strategies Wealth Advisors LLC cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,421 shares of the company’s stock after selling 9,983 shares during the quarter. Strategies Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rossmore Private Capital purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth about $25,000. MGB Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $30,000. Brentview Investment Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $35,000. Silicon Valley Capital Partners acquired a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $37,000. Finally, American National Bank & Trust acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $38,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST opened at $50.76 on Friday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79. The stock’s fifty day moving average is $50.69 and its two-hundred day moving average is $50.68. The stock has a market capitalization of $36.43 billion, a price-to-earnings ratio of 110.35 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.172 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is presently 482.61%.

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.