Freedom Financial Partners LLC Acquires 12,321 Shares of JPMorgan Ultra-Short Income ETF $JPST

Freedom Financial Partners LLC raised its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 36.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,456 shares of the company’s stock after buying an additional 12,321 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 0.9% of Freedom Financial Partners LLC’s portfolio, making the stock its 26th biggest position. Freedom Financial Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in JPST. First Citizens Financial Corp boosted its position in JPMorgan Ultra-Short Income ETF by 4.6% during the fourth quarter. First Citizens Financial Corp now owns 45,702 shares of the company’s stock valued at $2,312,000 after acquiring an additional 2,028 shares during the last quarter. BancFirst Trust & Investment Management grew its stake in JPMorgan Ultra-Short Income ETF by 0.6% in the fourth quarter. BancFirst Trust & Investment Management now owns 54,203 shares of the company’s stock valued at $2,752,000 after acquiring an additional 337 shares during the period. CGN Advisors LLC increased its stake in JPMorgan Ultra-Short Income ETF by 2.5% during the 4th quarter. CGN Advisors LLC now owns 18,723 shares of the company’s stock valued at $947,000 after purchasing an additional 448 shares in the last quarter. Aspen Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 6.2% during the 4th quarter. Aspen Wealth Management LLC now owns 217,658 shares of the company’s stock valued at $11,011,000 after purchasing an additional 12,744 shares during the last quarter. Finally, GK Wealth Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 4.3% in the fourth quarter. GK Wealth Management LLC now owns 100,209 shares of the company’s stock valued at $5,070,000 after purchasing an additional 4,173 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

NYSEARCA JPST opened at $50.55 on Friday. The firm has a market capitalization of $36.28 billion, a P/E ratio of 109.89 and a beta of 0.01. The business has a fifty day simple moving average of $50.66 and a 200 day simple moving average of $50.67. 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 company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.1648 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is presently 478.26%.

JPMorgan Ultra-Short Income ETF 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.