JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Fluent Financial LLC

Fluent Financial LLC reduced its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 28.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 285,695 shares of the company’s stock after selling 111,921 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 5.5% of Fluent Financial LLC’s portfolio, making the stock its 4th largest position. Fluent Financial LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after purchasing an additional 7,786,258 shares in the last quarter. Bank of America Corp DE boosted its holdings in JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares during the last quarter. HB Wealth Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 4.7% in the third quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock valued at $469,487,000 after purchasing an additional 413,847 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in JPMorgan Ultra-Short Income ETF by 3.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,086,795 shares of the company’s stock valued at $358,734,000 after purchasing an additional 232,920 shares in the last quarter. Finally, Temasek Holdings Private Ltd acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $300,296,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.53 on Friday. The company’s 50-day moving average price is $50.64 and its two-hundred day moving average price is $50.66. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79. The stock has a market capitalization of $36.26 billion, a PE ratio of 109.85 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a $0.172 dividend. 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 payout ratio is currently 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.