JPMorgan Ultra-Short Income ETF $JPST is Naviter Wealth LLC’s 2nd Largest Position

Naviter Wealth LLC lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 29.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 578,520 shares of the company’s stock after selling 242,180 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 3.8% of Naviter Wealth LLC’s investment portfolio, making the stock its 2nd biggest holding. Naviter Wealth LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $29,371,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Cambridge Advisors Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 8.1% during the 4th quarter. Cambridge Advisors Inc. now owns 53,494 shares of the company’s stock worth $2,706,000 after purchasing an additional 4,024 shares during the last quarter. Modera Wealth Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 34.6% during the 4th quarter. Modera Wealth Management LLC now owns 8,219 shares of the company’s stock worth $416,000 after purchasing an additional 2,113 shares during the last quarter. Winthrop Advisory Group LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 8.6% during the 4th quarter. Winthrop Advisory Group LLC now owns 151,545 shares of the company’s stock worth $7,694,000 after purchasing an additional 12,028 shares during the last quarter. Forbes J M & Co. LLP increased its stake in shares of JPMorgan Ultra-Short Income ETF by 63.3% during the 4th quarter. Forbes J M & Co. LLP now owns 15,987 shares of the company’s stock worth $809,000 after purchasing an additional 6,196 shares during the last quarter. Finally, StrongBox Wealth LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 4.2% during the 4th quarter. StrongBox Wealth LLC now owns 595,494 shares of the company’s stock worth $30,126,000 after purchasing an additional 23,883 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of JPST stock opened at $50.48 on Wednesday. The company has a 50 day moving average of $50.61 and a 200-day moving average of $50.65. 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 cap of $37.46 billion, a P/E ratio of 109.74 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.172 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 473.91%.

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.