SVB Wealth LLC Trims Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

SVB Wealth LLC lowered its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 40.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,629 shares of the company’s stock after selling 17,511 shares during the quarter. SVB Wealth LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,300,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rossmore Private Capital purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $25,000. Brentview Investment Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $35,000. Silicon Valley Capital Partners purchased a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $37,000. American National Bank & Trust acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth $38,000. Finally, Quaker Wealth Management LLC boosted its position in shares of 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 worth $41,000 after buying an additional 1,906 shares during the period. 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 NYSEARCA JPST opened at $50.68 on Wednesday. The stock has a market capitalization of $36.37 billion, a PE ratio of 110.17 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The stock has a fifty day simple moving average of $50.67 and a 200-day simple moving average of $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.172 dividend. This represents a c) annualized dividend and a 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 currently 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.