JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Nicholson Meyer Capital Management Inc.

Nicholson Meyer Capital Management Inc. lessened its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 68.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,247 shares of the company’s stock after selling 49,084 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 0.9% of Nicholson Meyer Capital Management Inc.’s investment portfolio, making the stock its 21st biggest position. Nicholson Meyer Capital Management Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $1,129,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Stratos Wealth Partners LTD. lifted its position in JPMorgan Ultra-Short Income ETF by 19.7% during the third quarter. Stratos Wealth Partners LTD. now owns 374,178 shares of the company’s stock worth $18,982,000 after buying an additional 61,508 shares during the period. Stratos Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 25.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 169,761 shares of the company’s stock valued at $8,612,000 after buying an additional 34,667 shares during the period. Sage Advisory Services Ltd.Co. grew its holdings in JPMorgan Ultra-Short Income ETF by 10.9% in the 3rd quarter. Sage Advisory Services Ltd.Co. now owns 54,695 shares of the company’s stock valued at $2,775,000 after buying an additional 5,370 shares during the period. First National Trust Co increased its stake in shares of JPMorgan Ultra-Short Income ETF by 52.0% during the 3rd quarter. First National Trust Co now owns 85,348 shares of the company’s stock valued at $4,330,000 after acquiring an additional 29,188 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 9.3% during the 3rd quarter. Wealthfront Advisers LLC now owns 49,931 shares of the company’s stock worth $2,533,000 after acquiring an additional 4,238 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST opened at $50.68 on Wednesday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79. The company’s 50 day simple moving average is $50.67 and its 200 day simple moving average is $50.67. The stock has a market capitalization of $36.37 billion, a PE ratio of 110.17 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.172 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 482.61%.

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.