Elevatus Welath Management Sells 168,530 Shares of JPMorgan Ultra-Short Income ETF $JPST

Elevatus Welath Management cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 68.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,461 shares of the company’s stock after selling 168,530 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 1.1% of Elevatus Welath Management’s portfolio, making the stock its 27th largest position. Elevatus Welath Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,020,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Sandy Cove Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 3,571.4% during the third quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock valued at $7,646,000 after acquiring an additional 146,606 shares during the last quarter. AE Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 3.9% in the 3rd quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock worth $17,072,000 after acquiring an additional 12,743 shares during the last quarter. Beacon Financial Advisory LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 13.0% in the 3rd quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock valued at $5,694,000 after purchasing an additional 12,895 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $3,946,000. Finally, Allen Capital Group LLC grew its holdings 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 valued at $12,767,000 after purchasing an additional 34,921 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of NYSEARCA:JPST opened at $50.53 on Friday. The stock has a market cap of $36.26 billion, a PE ratio of 109.85 and a beta of 0.01. The company’s fifty day moving average is $50.64 and its 200 day moving average is $50.66. 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. Stockholders of record on Monday, February 2nd were paid a dividend of $0.172 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 478.26%.

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.