Catalina Capital Group LLC Decreases Stock Position in JPMorgan Ultra-Short Income ETF $JPST

Catalina Capital Group LLC lowered its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,656 shares of the company’s stock after selling 16,799 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 4.5% of Catalina Capital Group LLC’s investment portfolio, making the stock its 3rd largest position. Catalina Capital Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,369,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in JPST. Archer Investment Corp grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.2% during the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock valued at $101,000 after purchasing an additional 200 shares during the last quarter. Lakeridge Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 4.5% in the fourth quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after buying an additional 206 shares in the last quarter. Sax Wealth Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 2.7% during the third quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after buying an additional 220 shares during the last quarter. Lantern Wealth Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 5.0% during the third quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after buying an additional 226 shares in the last quarter. Finally, Condor Capital Management increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.6% during the third quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after buying an additional 231 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.44 on Thursday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79. The stock has a market capitalization of $37.40 billion, a price-to-earnings ratio of 109.65 and a beta of 0.01. The stock has a fifty day moving average of $50.63 and a 200-day moving average of $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.172 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 478.26%.

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.