JPMorgan Ultra-Short Income ETF $JPST Shares Acquired by FRG Family Wealth Advisors LLC

FRG Family Wealth Advisors LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 34.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 158,818 shares of the company’s stock after purchasing an additional 40,500 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 1.2% of FRG Family Wealth Advisors LLC’s holdings, making the stock its 19th largest position. FRG Family Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,035,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $25,000. Rossmore Private Capital purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $25,000. MGB Wealth Management LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $30,000. Silicon Valley Capital Partners purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $37,000. Finally, American National Bank & Trust purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

Shares of JPST opened at $50.48 on Wednesday. The firm has a market cap of $37.46 billion, a PE ratio of 109.74 and a beta of 0.01. The company’s 50 day simple moving average is $50.61 and its 200-day simple moving average is $50.65. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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

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.