JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 494,963 shares of the company’s stock after selling 42,953 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises about 1.2% of Flagship Harbor Advisors LLC’s holdings, making the stock its 12th largest position. Flagship Harbor Advisors LLC owned approximately 0.07% of JPMorgan Ultra-Short Income ETF worth $25,040,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 22.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 79,415 shares of the company’s stock valued at $4,018,000 after buying an additional 14,468 shares during the period. Portside Wealth Group LLC increased its stake in JPMorgan Ultra-Short Income ETF by 20.5% in the 4th quarter. Portside Wealth Group LLC now owns 19,179 shares of the company’s stock valued at $970,000 after buying an additional 3,268 shares during the period. Sound Income Strategies LLC increased its stake in JPMorgan Ultra-Short Income ETF by 484.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,570 shares of the company’s stock valued at $130,000 after buying an additional 2,130 shares during the period. Capital Advisors Wealth Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 6.1% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 445,624 shares of the company’s stock valued at $22,544,000 after buying an additional 25,429 shares during the period. Finally, Legacy Wealth Management Inc increased its stake in JPMorgan Ultra-Short Income ETF by 5.4% in the 4th quarter. Legacy Wealth Management Inc now owns 1,631,362 shares of the company’s stock valued at $82,531,000 after buying an additional 83,125 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

NYSEARCA JPST opened at $50.45 on Tuesday. The business’s 50 day moving average is $50.62 and its two-hundred day moving average is $50.65. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79. The stock has a market capitalization of $37.41 billion, a price-to-earnings ratio of 109.67 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently announced 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. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 473.91%.

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.