Axxcess Wealth Management LLC Sells 17,254 Shares of JPMorgan Ultra-Short Income ETF $JPST

Axxcess Wealth Management LLC cut its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPSTFree Report) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,164,122 shares of the company’s stock after selling 17,254 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 1.2% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding. Axxcess Wealth Management LLC owned approximately 0.17% of JPMorgan Ultra-Short Income ETF worth $59,056,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after acquiring an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth approximately $3,603,000. Signature Estate & Investment Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $369,000. Avidian Wealth Enterprises LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 19.1% during the second quarter. Avidian Wealth Enterprises LLC now owns 24,495 shares of the company’s stock valued at $1,241,000 after purchasing an additional 3,922 shares during the period. Finally, VCI Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 13.5% in the 2nd quarter. VCI Wealth Management LLC now owns 261,966 shares of the company’s stock worth $13,276,000 after acquiring an additional 31,181 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.71 on Wednesday. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The firm has a market cap of $36.39 billion, a price-to-earnings ratio of 110.24 and a beta of 0.01. The business has a 50-day moving average price of $50.68 and a 200-day moving average price of $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. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is currently 482.61%.

JPMorgan Ultra-Short Income ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

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