JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Asio Capital LLC

Asio Capital LLC decreased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 65.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,500 shares of the company’s stock after selling 27,000 shares during the period. Asio Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $736,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in JPST. Rossmore Private Capital bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $25,000. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $25,000. MGB Wealth Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $30,000. Silicon Valley Capital Partners bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $37,000. Finally, American National Bank & Trust bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $38,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

JPST stock opened at $50.48 on Wednesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The firm’s 50-day simple moving average is $50.61 and its 200 day simple moving average is $50.65. The stock 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 Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.172 dividend. 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 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.