JPMorgan Ultra-Short Income ETF $JPST is Naviter Wealth LLC’s 2nd Largest Position

Naviter Wealth LLC decreased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 578,520 shares of the company’s stock after selling 242,180 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 3.8% of Naviter Wealth LLC’s investment portfolio, making the stock its 2nd biggest holding. Naviter Wealth LLC owned 0.08% of JPMorgan Ultra-Short Income ETF worth $29,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Archer Investment Corp increased its stake in JPMorgan Ultra-Short Income ETF by 11.2% in the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock valued at $101,000 after buying an additional 200 shares during the last quarter. Lakeridge Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.5% in the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after buying an additional 206 shares during the last quarter. Sax Wealth Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.7% in the 3rd quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after buying an additional 220 shares during the last quarter. Lantern Wealth Advisors LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.0% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after buying an additional 226 shares during the last quarter. Finally, Condor Capital Management boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.6% in the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after buying an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.48 on Wednesday. The company’s 50-day moving average is $50.61 and its 200 day moving average is $50.65. The company has a market capitalization of $37.46 billion, a P/E ratio of 109.74 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 declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.172 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 473.91%.

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.