International Private Wealth Advisors LLC Sells 10,194 Shares of JPMorgan Ultra-Short Income ETF $JPST

International Private Wealth Advisors LLC cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 55.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,034 shares of the company’s stock after selling 10,194 shares during the period. International Private Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $408,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sandy Cove Advisors LLC grew its holdings 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 during the last quarter. AE Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 3.9% during the third quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock valued at $17,072,000 after buying an additional 12,743 shares during the period. Beacon Financial Advisory LLC grew its stake in shares of 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 last quarter. Hershey Financial Advisers LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth about $3,946,000. Finally, Allen Capital Group LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 16.1% in the 3rd quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock valued at $12,767,000 after acquiring an additional 34,921 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.71 on Friday. The business has a 50-day moving average of $50.67 and a 200 day moving average of $50.67. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.79. The stock has a market capitalization of $36.39 billion, a PE ratio of 110.24 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. Stockholders of record on Monday, February 2nd were issued a $0.172 dividend. 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 currently 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.