Mission Wealth Management LP Has $587,000 Stake in JPMorgan Ultra-Short Income ETF $JPST

Mission Wealth Management LP lowered its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 57.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,575 shares of the company’s stock after selling 15,918 shares during the quarter. Mission Wealth Management LP’s holdings in JPMorgan Ultra-Short Income ETF were worth $587,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JPST. Rossmore Private Capital acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. Brentview Investment Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $35,000. Silicon Valley Capital Partners acquired a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $37,000. American National Bank & Trust bought a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $38,000. Finally, Frazier Financial Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $41,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.63 on Friday. The company has a market cap of $36.33 billion, a P/E ratio of 110.07 and a beta of 0.01. The stock’s 50-day moving average is $50.67 and its 200-day moving average is $50.66. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week 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. Shareholders of record on Monday, February 2nd were issued a $0.172 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 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.