JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. lessened its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 305,722 shares of the company’s stock after selling 40,778 shares during the period. Montag A & Associates Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $15,509,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $25,000. MGB Wealth Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $30,000. Brentview Investment Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter valued at $35,000. Silicon Valley Capital Partners bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth about $37,000. Finally, American National Bank & Trust acquired a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.58 on Wednesday. The business’s 50 day moving average is $50.69 and its 200-day moving average is $50.68. The stock has a market cap of $36.30 billion, a PE ratio of 109.96 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, March 2nd will be paid a dividend of $0.1648 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 482.61%.

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.