Brooklyn FI LLC Trims Stake in JPMorgan Ultra-Short Income ETF $JPST

Brooklyn FI LLC cut its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 25.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,002 shares of the company’s stock after selling 27,650 shares during the period. Brooklyn FI LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Modera Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 34.6% during the 4th quarter. Modera Wealth Management LLC now owns 8,219 shares of the company’s stock valued at $416,000 after acquiring an additional 2,113 shares during the last quarter. Winthrop Advisory Group LLC raised its stake in JPMorgan Ultra-Short Income ETF by 8.6% during the 4th quarter. Winthrop Advisory Group LLC now owns 151,545 shares of the company’s stock valued at $7,694,000 after acquiring an additional 12,028 shares during the last quarter. Forbes J M & Co. LLP raised its stake in JPMorgan Ultra-Short Income ETF by 63.3% during the 4th quarter. Forbes J M & Co. LLP now owns 15,987 shares of the company’s stock valued at $809,000 after acquiring an additional 6,196 shares during the last quarter. StrongBox Wealth LLC raised its stake in JPMorgan Ultra-Short Income ETF by 4.2% during the 4th quarter. StrongBox Wealth LLC now owns 595,494 shares of the company’s stock valued at $30,126,000 after acquiring an additional 23,883 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 22.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 79,415 shares of the company’s stock valued at $4,018,000 after acquiring an additional 14,468 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

JPST opened at $50.48 on Wednesday. The business has a 50 day moving average price of $50.61 and a two-hundred day moving average price of $50.65. The company has a market cap of $37.46 billion, a PE ratio of 109.74 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 disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.172 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is currently 473.91%.

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.