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

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

Other hedge funds also recently made changes to their positions in the company. Rossmore Private Capital bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Brentview Investment Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $35,000. Silicon Valley Capital Partners purchased a new position in JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $37,000. American National Bank & Trust purchased a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $38,000. Finally, Quaker Wealth Management LLC boosted its stake in JPMorgan Ultra-Short Income ETF by 173.1% during the second quarter. Quaker Wealth Management LLC now owns 805 shares of the company’s stock worth $41,000 after acquiring an additional 1,906 shares in the last quarter. 2.17% of the stock is currently owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.67 on Thursday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The firm’s 50-day simple moving average is $50.67 and its two-hundred day simple moving average is $50.67. The stock has a market cap of $36.36 billion, a PE ratio of 110.15 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed 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. 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 dividend payout ratio (DPR) 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.