Parkside Investments LLC Decreases Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Parkside Investments LLC lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 274,433 shares of the company’s stock after selling 23,254 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 1.7% of Parkside Investments LLC’s holdings, making the stock its 14th biggest position. Parkside Investments LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,922,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in JPST. Rossmore Private Capital bought a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. Brentview Investment Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at $35,000. Silicon Valley Capital Partners bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at $37,000. American National Bank & Trust purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth $38,000. Finally, Quaker Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 173.1% in the 2nd quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after buying an additional 1,906 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.74 on Wednesday. The stock has a market cap of $36.41 billion, a PE ratio of 110.30 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79. The stock has a fifty day moving average of $50.69 and a 200 day moving average of $50.67.

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 dividend of $0.172 per share. 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 dividend payout ratio is presently 482.61%.

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.