JPMorgan Ultra-Short Income ETF $JPST Stake Lowered by Sollinda Capital Management LLC

Sollinda Capital Management LLC lessened its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 503,296 shares of the company’s stock after selling 18,154 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 6.5% of Sollinda Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Sollinda Capital Management LLC owned approximately 0.07% of JPMorgan Ultra-Short Income ETF worth $25,462,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Archer Investment Corp boosted its holdings 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 valued at $101,000 after purchasing an additional 200 shares in the last quarter. Lakeridge Wealth Management LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 4.5% during the fourth quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after purchasing an additional 206 shares in the last quarter. Sax Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 2.7% during the 3rd quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after buying an additional 220 shares during the last quarter. Lantern Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 5.0% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after buying an additional 226 shares during the last quarter. Finally, 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 valued at $741,000 after buying an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.57 on Tuesday. The company has a fifty day simple moving average of $50.64 and a 200-day simple moving average of $50.66. The stock has a market cap of $36.29 billion, a price-to-earnings ratio of 109.93 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.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.172 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is currently 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.