ACT Advisors LLC. Sells 27,359 Shares of JPMorgan Ultra-Short Income ETF $JPST

ACT Advisors LLC. cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 79.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,878 shares of the company’s stock after selling 27,359 shares during the quarter. ACT Advisors LLC.’s holdings in JPMorgan Ultra-Short Income ETF were worth $348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sandy Cove Advisors LLC grew its holdings in shares of 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 worth $7,646,000 after purchasing an additional 146,606 shares during the last quarter. AE Wealth Management LLC raised its holdings in 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 valued at $17,072,000 after buying an additional 12,743 shares during the last quarter. Beacon Financial Advisory LLC raised its holdings in 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 buying an additional 12,895 shares during the last quarter. Hershey Financial Advisers LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $3,946,000. Finally, Allen Capital Group LLC grew its holdings in 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 acquiring 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 JPMorgan Ultra-Short Income ETF stock opened at $50.53 on Friday. The stock has a market cap of $36.26 billion, a price-to-earnings ratio of 109.85 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The company’s fifty day moving average is $50.64 and its 200 day moving average is $50.66.

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 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 payout ratio is 478.26%.

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.