ACT Advisors LLC. Sells 27,359 Shares of JPMorgan Ultra-Short Income ETF $JPST

ACT Advisors LLC. lessened its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 79.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,878 shares of the company’s stock after selling 27,359 shares during the period. ACT Advisors LLC.’s holdings in JPMorgan Ultra-Short Income ETF were worth $348,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Rossmore Private Capital purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $25,000. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. MGB Wealth Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the third quarter worth $30,000. Brentview Investment Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $35,000. Finally, Silicon Valley Capital Partners purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $37,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.53 on Friday. The firm 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. The company has a market cap of $36.26 billion, a P/E ratio of 109.85 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid 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 payout ratio is presently 478.26%.

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.