Spire Wealth Management Sells 916,529 Shares of JPMorgan Ultra-Short Income ETF $JPST

Spire Wealth Management trimmed its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 64.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 516,002 shares of the company’s stock after selling 916,529 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 0.9% of Spire Wealth Management’s holdings, making the stock its 17th biggest position. Spire Wealth Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $26,105,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth $25,000. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at about $25,000. MGB Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at about $30,000. Brentview Investment Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $35,000. Finally, Silicon Valley Capital Partners bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $37,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.53 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The firm has a market capitalization of $36.26 billion, a PE ratio of 109.85 and a beta of 0.01. The company’s 50-day moving average is $50.64 and its 200 day moving average is $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed 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. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 478.26%.

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.