Financially Speaking Inc Has $6.87 Million Position in JPMorgan Ultra-Short Income ETF $JPST

Financially Speaking Inc reduced its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 26.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,454 shares of the company’s stock after selling 47,577 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 4.5% of Financially Speaking Inc’s portfolio, making the stock its 7th largest position. Financially Speaking Inc’s holdings in JPMorgan Ultra-Short Income ETF were worth $6,872,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Archer Investment Corp lifted its holdings in JPMorgan Ultra-Short Income ETF by 11.2% in the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the period. Kathleen S. Wright Associates Inc. raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.3% during the second quarter. Kathleen S. Wright Associates Inc. now owns 9,811 shares of the company’s stock valued at $497,000 after acquiring an additional 220 shares in the last quarter. Sax Wealth Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.7% during the third quarter. Sax Wealth Advisors LLC now owns 8,306 shares of the company’s stock valued at $421,000 after acquiring an additional 220 shares in the last quarter. Daner Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 1.1% in the third quarter. Daner Wealth Management LLC now owns 21,885 shares of the company’s stock worth $1,110,000 after acquiring an additional 236 shares during the period. Finally, Keel Point LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 1.4% in the second quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after acquiring an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.67 on Thursday. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.30 and a 12-month high of $50.79. The company has a market cap of $36.36 billion, a P/E ratio of 110.15 and a beta of 0.01. The company’s fifty day simple moving average is $50.67 and its two-hundred day simple moving average is $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors 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) annualized dividend and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 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.