JPMorgan Ultra-Short Income ETF $JPST Position Decreased by Montag A & Associates Inc.

Montag A & Associates Inc. cut its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 305,722 shares of the company’s stock after selling 40,778 shares during the period. Montag A & Associates Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Insigneo Advisory Services LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $424,000. Cresset Asset Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.1% during the third quarter. Cresset Asset Management LLC now owns 441,580 shares of the company’s stock valued at $22,401,000 after buying an additional 9,062 shares in the last quarter. Rahlfs Capital LLC boosted its position in JPMorgan Ultra-Short Income ETF by 235.0% during the 3rd quarter. Rahlfs Capital LLC now owns 136,255 shares of the company’s stock worth $6,912,000 after acquiring an additional 95,580 shares during the period. USAdvisors Wealth Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 10.3% during the third quarter. USAdvisors Wealth Management LLC now owns 52,717 shares of the company’s stock valued at $2,674,000 after purchasing an additional 4,937 shares in the last quarter. Finally, Claro Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $203,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.58 on Wednesday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The stock has a fifty day moving average price of $50.69 and a 200 day moving average price of $50.68. The stock has a market cap of $36.30 billion, a price-to-earnings ratio of 109.96 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.1648 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, March 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.