Spire Wealth Management Sells 916,529 Shares of JPMorgan Ultra-Short Income ETF $JPST

Spire Wealth Management lowered its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 64.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 516,002 shares of the company’s stock after selling 916,529 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 0.9% of Spire Wealth Management’s portfolio, making the stock its 17th largest position. Spire Wealth Management owned approximately 0.07% of JPMorgan Ultra-Short Income ETF worth $26,105,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Lineweaver Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 37.4% during the 4th quarter. Lineweaver Wealth Advisors LLC now owns 20,408 shares of the company’s stock valued at $1,032,000 after acquiring an additional 5,557 shares during the period. Chesley Taft & Associates LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 1.8% in the fourth quarter. Chesley Taft & Associates LLC now owns 83,175 shares of the company’s stock worth $4,208,000 after purchasing an additional 1,439 shares during the period. Waldron Private Wealth LLC increased its stake in JPMorgan Ultra-Short Income ETF by 6.2% in the fourth quarter. Waldron Private Wealth LLC now owns 16,809 shares of the company’s stock valued at $853,000 after purchasing an additional 988 shares in the last quarter. Worth Asset Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at $5,723,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 519,628 shares of the company’s stock valued at $26,288,000 after purchasing an additional 4,590 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock opened at $50.53 on Friday. The stock has a market capitalization of $36.26 billion, a PE ratio of 109.85 and a beta of 0.01. The company’s 50-day moving average is $50.64 and its 200-day moving average is $50.66. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared 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. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend 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.