Enclave Advisors LLC Sells 83,181 Shares of JPMorgan Ultra-Short Income ETF $JPST

Enclave Advisors LLC reduced its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 31.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 185,146 shares of the company’s stock after selling 83,181 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 1.3% of Enclave Advisors LLC’s holdings, making the stock its 20th biggest position. Enclave Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,367,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after purchasing an additional 7,786,258 shares during the period. Temasek Holdings Private Ltd bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $300,296,000. Bank of America Corp DE raised its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after acquiring an additional 2,162,615 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in JPMorgan Ultra-Short Income ETF by 27.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock worth $244,438,000 after buying an additional 1,044,337 shares during the period. Finally, Kensington Asset Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 1,382.7% in the third quarter. Kensington Asset Management LLC now owns 1,080,232 shares of the company’s stock valued at $54,800,000 after buying an additional 1,007,375 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.53 on Friday. The stock’s 50 day moving average price is $50.64 and its two-hundred day moving average price is $50.66. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79. The stock has a market capitalization of $36.26 billion, a price-to-earnings ratio of 109.85 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.172 per share. This represents a c) annualized dividend 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 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.