Nicholson Meyer Capital Management Inc. Lowers Stake in JPMorgan Ultra-Short Income ETF $JPST

Nicholson Meyer Capital Management Inc. cut its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 68.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,247 shares of the company’s stock after selling 49,084 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 0.9% of Nicholson Meyer Capital Management Inc.’s holdings, making the stock its 21st largest 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.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in JPMorgan Ultra-Short Income ETF by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 11,093,296 shares of the company’s stock valued at $562,208,000 after buying an additional 94,082 shares during the period. HB Wealth Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 4.7% during the third quarter. HB Wealth Management LLC now owns 9,302,563 shares of the company’s stock valued at $469,487,000 after buying an additional 413,847 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan Ultra-Short Income ETF by 3.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,086,795 shares of the company’s stock worth $358,734,000 after buying an additional 232,920 shares during the period. Finally, Cerity Partners LLC grew its stake in JPMorgan Ultra-Short Income ETF by 5.6% during the second quarter. Cerity Partners LLC now owns 5,231,134 shares of the company’s stock worth $265,114,000 after buying an additional 279,573 shares during the period. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPMorgan Ultra-Short Income ETF stock opened at $50.68 on Wednesday. The firm has a fifty day moving average of $50.67 and a 200-day moving average of $50.67. 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 $36.37 billion, a P/E 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. Shareholders of record on Monday, February 2nd were given a $0.172 dividend. The ex-dividend date of this dividend 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 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.