Tiemann Investment Advisors LLC Cuts Stake 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% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,563 shares of the company’s stock after selling 16,205 shares during the quarter. JPMorgan Ultra-Short Income ETF comprises 3.1% of Tiemann Investment Advisors LLC’s holdings, making the stock its 7th largest 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.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sandy Cove Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 3,571.4% during the 3rd quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock valued at $7,646,000 after buying an additional 146,606 shares in the last quarter. AE Wealth Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 3.9% during the third quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock valued at $17,072,000 after acquiring an additional 12,743 shares in the last quarter. Beacon Financial Advisory LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 13.0% during the 3rd quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock valued at $5,694,000 after purchasing an additional 12,895 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth about $3,946,000. Finally, Allen Capital Group LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 16.1% during the third quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock worth $12,767,000 after purchasing an additional 34,921 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST opened at $50.58 on Tuesday. The company 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 company has a market capitalization of $36.30 billion, a P/E ratio of 109.96 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1648 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.9%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is presently 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.