JPMorgan Ultra-Short Income ETF $JPST is Lpwm LLC’s 5th Largest Position

Lpwm LLC lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 321,899 shares of the company’s stock after selling 34,266 shares during the period. JPMorgan Ultra-Short Income ETF accounts for 4.1% of Lpwm LLC’s portfolio, making the stock its 5th largest position. Lpwm LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $16,285,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Archer Investment Corp grew its position in JPMorgan Ultra-Short Income ETF by 11.2% in the third quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after acquiring an additional 200 shares in the last quarter. Sax Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 2.7% during the third quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock valued at $421,000 after purchasing an additional 220 shares in the last quarter. Lantern Wealth Advisors LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 5.0% during the third quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after purchasing an additional 226 shares during the last quarter. Condor Capital Management boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.6% in the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after purchasing an additional 231 shares in the last quarter. Finally, Daner Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.1% in the 3rd quarter. Daner Wealth Management LLC now owns 21,885 shares of the company’s stock worth $1,110,000 after purchasing an additional 236 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.55 on Friday. The firm has a market capitalization of $36.28 billion, a PE ratio of 109.89 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.79. The business’s 50-day moving average price is $50.66 and its 200-day moving average price is $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1648 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 478.26%.

About JPMorgan Ultra-Short Income ETF

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.