JPMorgan Ultra-Short Income ETF $JPST Position Trimmed by Transcendent Capital Group LLC

Transcendent Capital Group LLC decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 18.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,126 shares of the company’s stock after selling 12,109 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for about 1.2% of Transcendent Capital Group LLC’s investment portfolio, making the stock its 26th largest position. Transcendent Capital Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,644,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Millennium Management LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after acquiring an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter valued at $3,603,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $1,841,000. Ascent Group LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 16.2% in the 2nd quarter. Ascent Group LLC now owns 4,781 shares of the company’s stock valued at $242,000 after purchasing an additional 665 shares during the period. Finally, Woodmont Investment Counsel LLC increased its stake in JPMorgan Ultra-Short Income ETF by 175.5% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 24,001 shares of the company’s stock worth $1,216,000 after purchasing an additional 15,290 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.3%

NYSEARCA JPST opened at $50.61 on Tuesday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The company has a market cap of $36.32 billion, a PE ratio of 110.02 and a beta of 0.01. The stock’s 50-day moving average price is $50.67 and its two-hundred day moving average price is $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd will be paid 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 is Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is 486.96%.

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.