JPMorgan Ultra-Short Income ETF $JPST is Frisch Financial Group Inc.’s Largest Position

Frisch Financial Group Inc. trimmed its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 590,925 shares of the company’s stock after selling 13,753 shares during the period. JPMorgan Ultra-Short Income ETF makes up about 7.0% of Frisch Financial Group Inc.’s investment portfolio, making the stock its largest holding. Frisch Financial Group Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $29,978,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Archer Investment Corp lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 11.2% during the third quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock valued at $101,000 after purchasing an additional 200 shares in the last quarter. Kathleen S. Wright Associates Inc. raised its position in JPMorgan Ultra-Short Income ETF by 2.3% in the 2nd quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock worth $497,000 after buying an additional 220 shares during the last quarter. Sax Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 2.7% in the 3rd quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock worth $421,000 after buying an additional 220 shares during the last quarter. Condor Capital Management lifted its stake in JPMorgan Ultra-Short Income ETF by 1.6% during the 3rd quarter. Condor Capital Management now owns 14,607 shares of the company’s stock valued at $741,000 after acquiring an additional 231 shares during the period. Finally, Daner Wealth Management LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.1% during the 3rd quarter. Daner Wealth Management LLC now owns 21,885 shares of the company’s stock valued at $1,110,000 after acquiring an additional 236 shares during the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of JPST stock opened at $50.72 on Friday. The company has a 50 day moving average price of $50.68 and a 200-day moving average price 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 $36.40 billion, a PE ratio of 110.26 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.172 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is 482.61%.

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.