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

Naviter Wealth LLC decreased its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 14.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 820,700 shares of the company’s stock after selling 137,495 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 4.8% of Naviter Wealth LLC’s portfolio, making the stock its 3rd biggest holding. Naviter Wealth LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $41,634,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Rossmore Private Capital acquired a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. Brentview Investment Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at $35,000. Silicon Valley Capital Partners bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at $37,000. American National Bank & Trust acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $38,000. Finally, Quaker Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after acquiring an additional 1,906 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of NYSEARCA JPST opened at $50.71 on Friday. The stock’s fifty day simple moving average is $50.67 and its 200 day simple moving average is $50.67. The stock has a market capitalization of $36.39 billion, a price-to-earnings ratio of 110.24 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-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. Investors of record on Monday, February 2nd were paid a $0.172 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 482.61%.

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.