ProVise Management Group LLC Sells 18,222 Shares of JPMorgan Ultra-Short Income ETF $JPST

ProVise Management Group LLC reduced its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPSTFree Report) by 27.0% in the 4th quarter, Holdings Channel reports. The firm owned 49,289 shares of the company’s stock after selling 18,222 shares during the quarter. ProVise Management Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,494,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of JPST. Rossmore Private Capital bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $25,000. Cardiff Park Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $25,000. MGB Wealth Management LLC bought a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $30,000. American National Bank & Trust bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth about $38,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $38,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

JPST stock opened at $50.60 on Friday. The stock has a 50-day moving average price of $50.58 and a 200-day moving average price of $50.64. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.41 and a 1-year high of $50.79. The firm has a market cap of $37.64 billion, a PE ratio of 110.00 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders 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 dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 473.91%.

About JPMorgan Ultra-Short Income ETF

(Free Report)

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.

See Also

Want to see what other hedge funds are holding JPST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Ultra-Short Income ETF (NYSEARCA:JPSTFree Report).

Institutional Ownership by Quarter for JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST)

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