Strategies Wealth Advisors LLC Reduces Position in JPMorgan Ultra-Short Income ETF $JPST

Strategies Wealth Advisors LLC decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,421 shares of the company’s stock after selling 9,983 shares during the period. Strategies Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC lifted 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 buying an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth $3,603,000. Kovack Advisors Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 96.9% in the 2nd quarter. Kovack Advisors Inc. now owns 17,406 shares of the company’s stock worth $882,000 after acquiring an additional 8,566 shares during the last quarter. Saxony Capital Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.9% during the 2nd quarter. Saxony Capital Management LLC now owns 44,290 shares of the company’s stock worth $2,245,000 after acquiring an additional 827 shares during the period. Finally, Roble Belko & Company Inc boosted its position in shares of JPMorgan Ultra-Short Income ETF by 4.5% during the 2nd quarter. Roble Belko & Company Inc now owns 39,221 shares of the company’s stock valued at $1,988,000 after acquiring an additional 1,697 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.76 on Friday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79. The firm has a market capitalization of $36.43 billion, a P/E ratio of 110.35 and a beta of 0.01. The firm has a 50-day moving average price of $50.69 and a 200 day moving average price of $50.68.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders 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 dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is 482.61%.

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.