Envestnet Asset Management Inc. Has $201.14 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Envestnet Asset Management Inc. trimmed its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,964,962 shares of the company’s stock after selling 25,382 shares during the period. Envestnet Asset Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $201,143,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rossmore Private Capital bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Brentview Investment Management LLC bought a new position in JPMorgan Ultra-Short Income ETF during the second quarter valued at about $35,000. Silicon Valley Capital Partners acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter worth about $37,000. American National Bank & Trust acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth about $38,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.63 on Friday. The stock’s 50 day simple moving average is $50.67 and its 200 day simple moving average is $50.66. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The company has a market capitalization of $36.33 billion, a price-to-earnings ratio of 110.07 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders 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 dividend payout ratio (DPR) is currently 482.61%.

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.