JPMorgan Ultra-Short Income ETF $JPST Stock Holdings Cut by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC lowered its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 421,584 shares of the company’s stock after selling 16,564 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 1.5% of Capital Investment Advisory Services LLC’s holdings, making the stock its 6th largest position. Capital Investment Advisory Services LLC owned about 0.06% of JPMorgan Ultra-Short Income ETF worth $21,328,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JPST. Millennium Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after purchasing an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth approximately $3,603,000. EverSource Wealth Advisors LLC boosted its position in JPMorgan Ultra-Short Income ETF by 99.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock worth $50,000 after purchasing an additional 496 shares in the last quarter. First Trust Advisors LP purchased a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $203,000. Finally, Brown Advisory Inc. boosted its position in JPMorgan Ultra-Short Income ETF by 7.6% during the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after purchasing an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST stock opened at $50.49 on Thursday. The business’s 50 day moving average is $50.61 and its two-hundred day moving average is $50.65. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79. The company has a market capitalization of $37.46 billion, a P/E ratio of 109.76 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.172 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is presently 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.