Heritage Oak Wealth Advisors LLC Sells 89,193 Shares of JPMorgan Ultra-Short Income ETF $JPST

Heritage Oak Wealth Advisors LLC cut its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 356,364 shares of the company’s stock after selling 89,193 shares during the period. JPMorgan Ultra-Short Income ETF comprises approximately 6.7% of Heritage Oak Wealth Advisors LLC’s holdings, making the stock its 4th largest holding. Heritage Oak Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $18,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JPST. Millennium Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after acquiring an additional 46,400 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at $3,603,000. EverSource Wealth Advisors LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 99.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after purchasing an additional 496 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $203,000. Finally, Baird Financial Group Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 201.2% during the 2nd quarter. Baird Financial Group Inc. now owns 268,183 shares of the company’s stock valued at $13,592,000 after purchasing an additional 179,152 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.45 on Tuesday. The stock has a market capitalization of $37.41 billion, a price-to-earnings ratio of 109.67 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.79. The firm’s 50-day moving average price is $50.62 and its two-hundred day moving average price is $50.65.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given 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 dividend payout ratio is 473.91%.

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.