Sovran Advisors LLC Sells 35,789 Shares of JPMorgan Ultra-Short Income ETF $JPST

Sovran Advisors LLC reduced its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 19.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,279 shares of the company’s stock after selling 35,789 shares during the quarter. Sovran Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $7,714,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of JPST. Rossmore Private Capital purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $25,000. Cardiff Park Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $25,000. MGB Wealth Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth approximately $30,000. Silicon Valley Capital Partners bought a new position in JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $37,000. Finally, American National Bank & Trust bought a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $38,000. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.46 on Friday. The company has a market capitalization of $37.42 billion, a PE ratio of 109.70 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79. The company’s 50 day moving average price is $50.62 and its two-hundred day moving average price is $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a dividend of $0.172 per share. 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 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.