Savant Capital LLC Sells 11,508 Shares of JPMorgan Ultra-Short Income ETF $JPST

Savant Capital LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 8.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 123,575 shares of the company’s stock after selling 11,508 shares during the period. Savant Capital LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Archer Investment Corp increased its holdings in JPMorgan Ultra-Short Income ETF by 11.2% in the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after buying an additional 200 shares in the last quarter. Kathleen S. Wright Associates Inc. increased its position in JPMorgan Ultra-Short Income ETF by 2.3% during the second quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock valued at $497,000 after acquiring an additional 220 shares during the last quarter. Sax Wealth Advisors LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 2.7% in the third quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock valued at $421,000 after acquiring an additional 220 shares during the period. Daner Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 1.1% in the third quarter. Daner Wealth Management LLC now owns 21,885 shares of the company’s stock worth $1,110,000 after purchasing an additional 236 shares during the last quarter. Finally, Keel Point LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 1.4% during the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after purchasing an additional 239 shares during the period. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

NYSEARCA JPST opened at $50.63 on Friday. The company has a 50-day moving average price of $50.67 and a 200-day moving average price of $50.66. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79. The firm has a market capitalization of $36.33 billion, a P/E ratio of 110.07 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. Shareholders of record on Monday, February 2nd were given a $0.172 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 482.61%.

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.