Aprio Wealth Management LLC Sells 64,507 Shares of JPMorgan Ultra-Short Income ETF $JPST

Aprio Wealth Management LLC trimmed its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 68.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,362 shares of the company’s stock after selling 64,507 shares during the period. Aprio Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,540,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPST. Rossmore Private Capital acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. MGB Wealth Management LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $30,000. Brentview Investment Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $35,000. Silicon Valley Capital Partners bought a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at about $37,000. Finally, American National Bank & Trust bought a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at about $38,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.76 on Friday. 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 market capitalization of $36.43 billion, a PE ratio of 110.35 and a beta of 0.01. The stock has a 50-day simple moving average of $50.69 and a 200 day simple moving average of $50.68.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently disclosed 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. The ex-dividend date 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 payout ratio is currently 482.61%.

JPMorgan Ultra-Short Income ETF 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.