Insight 2811 Inc. Sells 27,715 Shares of JPMorgan Ultra-Short Income ETF $JPST

Insight 2811 Inc. decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 35.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 51,572 shares of the company’s stock after selling 27,715 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 1.2% of Insight 2811 Inc.’s portfolio, making the stock its 13th biggest position. Insight 2811 Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rossmore Private Capital bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at about $25,000. Brentview Investment Management LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $35,000. Silicon Valley Capital Partners acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $37,000. American National Bank & Trust acquired a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at $38,000. Finally, Quaker Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after acquiring an additional 1,906 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.68 on Friday. The firm has a market cap of $36.37 billion, a PE ratio of 110.17 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79. The business’s 50 day moving average price is $50.67 and its two-hundred day moving average price is $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.172 per share. 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 payout ratio is presently 482.61%.

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.