Tiemann Investment Advisors LLC Has $8.15 Million Holdings in JPMorgan Ultra-Short Income ETF $JPST

Tiemann Investment Advisors LLC decreased its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,563 shares of the company’s stock after selling 16,205 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises approximately 3.1% of Tiemann Investment Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Tiemann Investment Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,145,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $25,000. MGB Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $30,000. Brentview Investment Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $35,000. Silicon Valley Capital Partners acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $37,000. Finally, American National Bank & Trust bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $38,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST opened at $50.58 on Tuesday. The stock has a market capitalization of $36.30 billion, a price-to-earnings ratio of 109.96 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.79. The firm has a fifty day simple moving average of $50.67 and a 200 day simple moving average of $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were 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 of this dividend was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is presently 478.26%.

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.