New Capital Management LP Sells 91,110 Shares of JPMorgan Ultra-Short Income ETF $JPST

New Capital Management LP cut its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 93.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,456 shares of the company’s stock after selling 91,110 shares during the quarter. New Capital Management LP’s holdings in JPMorgan Ultra-Short Income ETF were worth $327,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in JPMorgan Ultra-Short Income ETF by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after acquiring an additional 7,786,258 shares during the period. Bank of America Corp DE grew its holdings in 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 during the period. HB Wealth Management LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 4.7% in the third quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock worth $469,487,000 after purchasing an additional 413,847 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 3.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,086,795 shares of the company’s stock valued at $358,734,000 after purchasing an additional 232,920 shares in the last quarter. Finally, Temasek Holdings Private Ltd bought a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $300,296,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.46 on Friday. The firm has a 50 day moving average price of $50.62 and a 200-day moving average price of $50.66. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79. The firm has a market capitalization of $37.42 billion, a price-to-earnings ratio of 109.70 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.172 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 473.91%.

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.