JPMorgan Ultra-Short Income ETF $JPST Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 377,522 shares of the company’s stock after selling 17,984 shares during the period. D.A. Davidson & CO. owned approximately 0.05% of JPMorgan Ultra-Short Income ETF worth $19,099,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Sandy Cove Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 3,571.4% during the 3rd quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock worth $7,646,000 after buying an additional 146,606 shares during the last quarter. AE Wealth Management LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 3.9% during the 3rd quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock worth $17,072,000 after purchasing an additional 12,743 shares during the last quarter. Beacon Financial Advisory LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 13.0% during the 3rd quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after purchasing an additional 12,895 shares during the last quarter. Allen Capital Group LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 16.1% during the 3rd quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock worth $12,767,000 after purchasing an additional 34,921 shares during the last quarter. Finally, Mezzasalma Advisors LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 70.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 80,646 shares of the company’s stock valued at $4,082,000 after purchasing an additional 33,446 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.59 on Tuesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.41 and a fifty-two week high of $50.79. The firm has a 50 day moving average price of $50.57 and a 200 day moving average price of $50.64. The company has a market capitalization of $37.64 billion, a PE ratio of 109.98 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.172 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is 473.91%.

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.