JPMorgan Ultra-Short Income ETF $JPST Stock Position Decreased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC trimmed its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 31.9% during the third quarter, HoldingsChannel.com reports. The fund owned 90,221 shares of the company’s stock after selling 42,240 shares during the period. Kingsview Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $25,000. MGB Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $30,000. Brentview Investment Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at about $35,000. Silicon Valley Capital Partners purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at about $37,000. Finally, American National Bank & Trust acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth about $38,000. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.58 on Wednesday. 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’s 50 day simple moving average is $50.69 and its 200-day simple moving average is $50.68. The company has a market cap of $36.30 billion, a P/E ratio of 109.96 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.1648 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 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.