Elevatus Welath Management Reduces Holdings in JPMorgan Ultra-Short Income ETF $JPST

Elevatus Welath Management trimmed its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 68.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,461 shares of the company’s stock after selling 168,530 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 1.1% of Elevatus Welath Management’s investment portfolio, making the stock its 27th largest position. Elevatus Welath Management’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Millennium Management LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after buying an additional 46,400 shares during the period. Goldman Sachs Group Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at $3,603,000. Steward Partners Investment Advisory LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 22.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 82,733 shares of the company’s stock worth $4,193,000 after acquiring an additional 15,156 shares during the last quarter. XTX Topco Ltd bought a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $384,000. Finally, Laurel Wealth Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 4,968.1% in the second quarter. Laurel Wealth Advisors LLC now owns 12,721 shares of the company’s stock valued at $645,000 after acquiring an additional 12,470 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.53 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The stock has a market capitalization of $36.26 billion, a PE ratio of 109.85 and a beta of 0.01. The business’s 50-day moving average is $50.64 and its 200 day moving average is $50.66.

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 dividend 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%.

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.