JPMorgan Ultra-Short Income ETF $JPST Position Reduced by Philip James Wealth Mangement LLC
by Doug Wharley · The Cerbat GemPhilip James Wealth Mangement LLC trimmed its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Free Report) by 7.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,687 shares of the company’s stock after selling 14,021 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 1.1% of Philip James Wealth Mangement LLC’s portfolio, making the stock its 22nd largest holding. Philip James Wealth Mangement LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,242,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after buying an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in JPMorgan Ultra-Short Income ETF in the first quarter worth about $3,603,000. XTX Topco Ltd bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth about $384,000. Beacon Pointe Advisors LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 29.2% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 74,052 shares of the company’s stock valued at $3,753,000 after acquiring an additional 16,754 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 99.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after acquiring an additional 496 shares during the last quarter. 2.17% of the stock is owned by institutional investors.
JPMorgan Ultra-Short Income ETF Stock Performance
NYSEARCA:JPST opened at $50.46 on Friday. The company has a 50-day moving average of $50.62 and a 200-day moving average of $50.66. The firm has a market cap of $37.42 billion, a price-to-earnings ratio of 109.70 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79.
JPMorgan Ultra-Short Income ETF Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a dividend of $0.172 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 478.26%.
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.