Cary Street Partners Financial LLC Sells 18,802 Shares of JPMorgan Ultra-Short Income ETF $JPST

Cary Street Partners Financial LLC lowered its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 44.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 23,921 shares of the company’s stock after selling 18,802 shares during the quarter. Cary Street Partners Financial LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after acquiring an additional 7,786,258 shares during the last quarter. Bank of America Corp DE raised its position in JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the period. RiverFront Investment Group LLC raised its position in JPMorgan Ultra-Short Income ETF by 941.7% during the second quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock valued at $63,800,000 after purchasing an additional 1,138,031 shares during the period. Foster Dykema Cabot & Partners LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 42.2% in the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after purchasing an additional 1,132,264 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of JPMorgan Ultra-Short Income ETF by 27.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock valued at $244,438,000 after purchasing an additional 1,044,337 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.76 on Friday. The stock’s fifty day moving average is $50.69 and its 200 day moving average is $50.68. 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 has a market capitalization of $36.43 billion, a PE ratio of 110.35 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.172 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is currently 482.61%.

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.