Clarus Group Inc. Has $22.93 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Clarus Group Inc. reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 453,143 shares of the company’s stock after selling 17,484 shares during the period. JPMorgan Ultra-Short Income ETF makes up approximately 8.3% of Clarus Group Inc.’s holdings, making the stock its 3rd largest holding. Clarus Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $22,925,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Rossmore Private Capital bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $25,000. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at $25,000. MGB Wealth Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at $30,000. Silicon Valley Capital Partners acquired a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth $37,000. Finally, American National Bank & Trust bought a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at $38,000. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.46 on Friday. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79. The business has a fifty day moving average of $50.63 and a two-hundred day moving average of $50.66. The stock has a market cap of $37.42 billion, a PE ratio of 109.70 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued 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 currently 478.26%.

About JPMorgan Ultra-Short Income ETF

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.