JPMorgan Ultra-Short Income ETF $JPST Stock Holdings Lessened by Lpwm LLC

Lpwm LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 321,899 shares of the company’s stock after selling 34,266 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 4.1% of Lpwm LLC’s holdings, making the stock its 5th biggest holding. Lpwm LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $16,285,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JPST. Sandy Cove Advisors LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 3,571.4% during the 3rd quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock valued at $7,646,000 after purchasing an additional 146,606 shares in the last quarter. AE Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 3.9% in the third quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock worth $17,072,000 after buying an additional 12,743 shares in the last quarter. Beacon Financial Advisory LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 13.0% during the third quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock valued at $5,694,000 after buying an additional 12,895 shares during the period. Hershey Financial Advisers LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at $3,946,000. Finally, Allen Capital Group LLC grew its position in JPMorgan Ultra-Short Income ETF by 16.1% during the third quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock worth $12,767,000 after buying an additional 34,921 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

Shares of NYSEARCA JPST opened at $50.55 on Friday. The firm has a market capitalization of $36.28 billion, a P/E ratio of 109.89 and a beta of 0.01. The stock’s 50-day simple moving average is $50.66 and its two-hundred day simple moving average is $50.67. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1648 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%. JPMorgan Ultra-Short Income ETF’s payout ratio 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.