United Advisor Group LLC Cuts Holdings in JPMorgan Ultra-Short Income ETF $JPST

United Advisor Group LLC decreased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,603 shares of the company’s stock after selling 20,277 shares during the period. United Advisor Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,887,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Rossmore Private Capital bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. Cardiff Park Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. MGB Wealth Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $30,000. American National Bank & Trust bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $38,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $38,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of NYSEARCA:JPST opened at $50.53 on Thursday. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.41 and a 12 month high of $50.79. The company has a 50-day moving average price of $50.59 and a 200 day moving average price of $50.64. The company has a market cap of $37.83 billion, a price-to-earnings ratio of 109.85 and a beta of 0.01.

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 issued a $0.172 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 473.91%.

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.