JPMorgan Ultra-Short Income ETF $JPST Shares Sold by Clarus Group Inc.

Clarus Group Inc. lessened its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 453,143 shares of the company’s stock after selling 17,484 shares during the period. JPMorgan Ultra-Short Income ETF comprises 8.3% of Clarus Group Inc.’s portfolio, making the stock its 3rd biggest holding. Clarus Group Inc. owned approximately 0.06% of JPMorgan Ultra-Short Income ETF worth $22,925,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Rossmore Private Capital bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $25,000. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. MGB Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at $30,000. Silicon Valley Capital Partners acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at $37,000. Finally, American National Bank & Trust bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth $38,000. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.46 on Friday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The firm’s fifty day moving average price is $50.63 and its two-hundred day moving average price is $50.66. The company has a market capitalization of $37.42 billion, a P/E ratio of 109.70 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.172 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is 478.26%.

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.