United Advisor Group LLC Sells 20,277 Shares of JPMorgan Ultra-Short Income ETF $JPST

United Advisor Group LLC lowered its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 17.3% in the 4th quarter, Holdings Channel reports. The firm owned 96,603 shares of the company’s stock after selling 20,277 shares during the quarter. United Advisor Group LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $4,887,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Archer Investment Corp lifted its stake in JPMorgan Ultra-Short Income ETF by 11.2% in the third quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after purchasing an additional 200 shares during the last quarter. Lakeridge Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 4.5% in the fourth quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock worth $241,000 after purchasing an additional 206 shares during the last quarter. Sax Wealth Advisors LLC lifted its stake 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 worth $421,000 after purchasing an additional 220 shares during the last quarter. Lantern Wealth Advisors LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 5.0% in the third quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock worth $240,000 after purchasing an additional 226 shares during the last quarter. Finally, Condor Capital Management lifted its stake in JPMorgan Ultra-Short Income ETF by 1.6% in the third quarter. Condor Capital Management now owns 14,607 shares of the company’s stock worth $741,000 after purchasing an additional 231 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.53 on Thursday. The company has a market cap of $37.83 billion, a P/E ratio of 109.85 and a beta of 0.01. 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 50-day simple moving average of $50.59 and a two-hundred day simple moving average of $50.64.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.172 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 473.91%.

About JPMorgan Ultra-Short Income ETF

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.