Crewe Advisors LLC Has $3.45 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

Crewe Advisors LLC cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 25.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,160 shares of the company’s stock after selling 22,938 shares during the period. Crewe Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPST. Rossmore Private Capital bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $25,000. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $25,000. MGB Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the third quarter worth about $30,000. Silicon Valley Capital Partners acquired a new stake in JPMorgan Ultra-Short Income ETF during the second quarter worth about $37,000. Finally, American National Bank & Trust bought a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at about $38,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPMorgan Ultra-Short Income ETF stock opened at $50.46 on Friday. The business has a 50 day moving average price of $50.63 and a two-hundred day moving average price of $50.66. The stock 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 12 month low of $50.30 and a 12 month high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.172 per share. The ex-dividend date 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 currently 478.26%.

JPMorgan Ultra-Short Income ETF Company 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.