JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 31.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,221 shares of the company’s stock after selling 42,240 shares during the period. Kingsview Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,577,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in JPST. Archer Investment Corp raised its stake in JPMorgan Ultra-Short Income ETF by 11.2% during the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock valued at $101,000 after acquiring an additional 200 shares in the last quarter. Sax Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the third quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after purchasing an additional 220 shares in the last quarter. Condor Capital Management increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.6% during the third quarter. Condor Capital Management now owns 14,607 shares of the company’s stock valued at $741,000 after purchasing an additional 231 shares during the period. Daner Wealth Management LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 1.1% during the third quarter. Daner Wealth Management LLC now owns 21,885 shares of the company’s stock valued at $1,110,000 after purchasing an additional 236 shares in the last quarter. Finally, Keel Point LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after purchasing an additional 239 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.58 on Wednesday. The company has a 50-day simple moving average of $50.69 and a 200 day simple moving average of $50.68. The company has a market capitalization of $36.30 billion, a P/E ratio of 109.96 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd will be issued a $0.1648 dividend. The ex-dividend date is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 482.61%.

JPMorgan Ultra-Short Income ETF Company 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.