Bell Bank Has $468,000 Position in JPMorgan Ultra-Short Income ETF $JPST

Bell Bank lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 51.9% during the fourth quarter, Holdings Channel reports. The fund owned 9,259 shares of the company’s stock after selling 10,000 shares during the period. Bell Bank’s holdings in JPMorgan Ultra-Short Income ETF were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $25,000. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at $25,000. MGB Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at $30,000. Brentview Investment Management LLC bought a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at about $35,000. Finally, Silicon Valley Capital Partners bought a new position in JPMorgan Ultra-Short Income ETF in the second quarter valued at about $37,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.53 on Friday. The stock has a market cap of $36.26 billion, a price-to-earnings ratio of 109.85 and a beta of 0.01. The company has a 50 day moving average of $50.64 and a 200-day moving average of $50.66. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year 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. Investors of record on Monday, February 2nd were paid a dividend of $0.172 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is 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.