Thrivent Financial for Lutherans Lowers Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Thrivent Financial for Lutherans cut its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 51.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 328,209 shares of the company’s stock after selling 348,560 shares during the period. Thrivent Financial for Lutherans’ holdings in JPMorgan Ultra-Short Income ETF were worth $16,650,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JPST. Millennium Management LLC increased its holdings 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 valued at $12,575,000 after purchasing an additional 46,400 shares during the period. Goldman Sachs Group Inc. purchased a new position in JPMorgan Ultra-Short Income ETF in the 1st quarter valued at $3,603,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $1,841,000. Ascent Group LLC increased its stake in JPMorgan Ultra-Short Income ETF by 16.2% in the 2nd quarter. Ascent Group LLC now owns 4,781 shares of the company’s stock valued at $242,000 after buying an additional 665 shares during the period. Finally, DAVENPORT & Co LLC raised its position in JPMorgan Ultra-Short Income ETF by 10.5% during the 2nd quarter. DAVENPORT & Co LLC now owns 75,979 shares of the company’s stock worth $3,851,000 after buying an additional 7,213 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST opened at $50.61 on Wednesday. The company has a market cap of $36.32 billion, a price-to-earnings ratio of 110.02 and a beta of 0.01. The firm’s 50-day simple moving average is $50.67 and its 200-day simple moving average is $50.66. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd will be issued a $0.172 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 486.96%.

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.