Axxcess Wealth Management LLC Reduces Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Axxcess Wealth Management LLC lowered its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,164,122 shares of the company’s stock after selling 17,254 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for 1.2% of Axxcess Wealth Management LLC’s holdings, making the stock its 16th biggest holding. Axxcess Wealth Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $59,056,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Rossmore Private Capital purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at $25,000. Brentview Investment Management LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $35,000. Silicon Valley Capital Partners purchased a new stake in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $37,000. American National Bank & Trust bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth about $38,000. Finally, Quaker Wealth Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock valued at $41,000 after buying an additional 1,906 shares during the period. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.71 on Wednesday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The company has a market cap of $36.39 billion, a price-to-earnings ratio of 110.24 and a beta of 0.01. The business’s 50 day moving average price is $50.68 and its 200-day moving average price is $50.67.

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 given a dividend of $0.172 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date 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.