Avestar Capital LLC Trims Stake in JPMorgan Ultra-Short Income ETF $JPST

Avestar Capital LLC lessened its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 290,042 shares of the company’s stock after selling 13,207 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 1.0% of Avestar Capital LLC’s portfolio, making the stock its 17th largest holding. Avestar Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $14,714,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of JPST. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after buying an additional 7,786,258 shares during the period. Bank of America Corp DE increased its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares in the last quarter. RiverFront Investment Group LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 941.7% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock valued at $63,800,000 after purchasing an additional 1,138,031 shares during the period. Foster Dykema Cabot & Partners LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 42.2% during the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after buying an additional 1,132,264 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in JPMorgan Ultra-Short Income ETF by 27.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,823,169 shares of the company’s stock worth $244,438,000 after buying an additional 1,044,337 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST stock opened at $50.71 on Thursday. The stock has a fifty day simple moving average of $50.68 and a two-hundred day simple moving average of $50.67. The firm has a market capitalization of $36.39 billion, a PE ratio of 110.24 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently announced 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. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 482.61%.

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.