JPMorgan Ultra-Short Income ETF $JPST Shares Sold by MMA Asset Management LLC

MMA Asset Management LLC reduced its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 62.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,851 shares of the company’s stock after selling 16,665 shares during the quarter. MMA Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $500,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Rossmore Private Capital acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth $25,000. Brentview Investment Management LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $35,000. Silicon Valley Capital Partners purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $37,000. American National Bank & Trust acquired a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $38,000. Finally, Frazier Financial Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST opened at $50.65 on Friday. The company has a market cap of $36.35 billion, a P/E ratio of 110.11 and a beta of 0.01. The stock has a 50-day moving average of $50.66 and a two-hundred day moving average of $50.66. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently disclosed 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 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 payout ratio is 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.