Prime Capital Investment Advisors LLC Sells 15,791 Shares of JPMorgan Ultra-Short Income ETF $JPST

Prime Capital Investment Advisors LLC decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 6.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 225,821 shares of the company’s stock after selling 15,791 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $11,456,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPST. Bank of America Corp DE raised its position in JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after buying an additional 2,162,615 shares during the last quarter. RiverFront Investment Group LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 941.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after buying an additional 1,138,031 shares during the last quarter. Foster Dykema Cabot & Partners LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 42.2% during the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock worth $193,336,000 after buying an additional 1,132,264 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in JPMorgan Ultra-Short Income ETF by 27.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock valued at $244,438,000 after acquiring an additional 1,044,337 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of JPMorgan Ultra-Short Income ETF by 34.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,990,344 shares of the company’s stock worth $202,169,000 after purchasing an additional 1,027,118 shares during the last quarter. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST traded up $0.02 on Friday, hitting $50.65. 210,665 shares of the stock traded hands, compared to its average volume of 7,065,149. The firm has a market capitalization of $36.35 billion, a price-to-earnings ratio of 110.10 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. The business’s fifty day moving average is $50.67 and its two-hundred day moving average is $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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