Cary Street Partners Financial LLC Reduces Stake in JPMorgan Ultra-Short Income ETF $JPST

Cary Street Partners Financial LLC cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 44.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,921 shares of the company’s stock after selling 18,802 shares during the period. Cary Street Partners Financial LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Millennium Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after acquiring an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at about $3,603,000. Focus Partners Advisor Solutions LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $333,000. BLB&B Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 32.3% in the 2nd quarter. BLB&B Advisors LLC now owns 40,761 shares of the company’s stock worth $2,066,000 after acquiring an additional 9,958 shares during the last quarter. Finally, Kovack Advisors Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 96.9% in the second quarter. Kovack Advisors Inc. now owns 17,406 shares of the company’s stock worth $882,000 after acquiring an additional 8,566 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.76 on Friday. The stock has a market cap of $36.43 billion, a price-to-earnings ratio of 110.35 and a beta of 0.01. The company has a 50-day moving average price of $50.69 and a 200-day moving average price of $50.68. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month 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 $0.172 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 482.61%.

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.