FRG Family Wealth Advisors LLC Increases Stock Position in JPMorgan Ultra-Short Income ETF $JPST

FRG Family Wealth Advisors LLC boosted its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 34.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,818 shares of the company’s stock after acquiring an additional 40,500 shares during the period. JPMorgan Ultra-Short Income ETF accounts for about 1.2% of FRG Family Wealth Advisors LLC’s holdings, making the stock its 19th biggest position. FRG Family Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,035,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. Rossmore Private Capital acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. MGB Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $30,000. Silicon Valley Capital Partners acquired a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $37,000. Finally, American National Bank & Trust acquired a new position in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of JPST stock opened at $50.48 on Wednesday. The stock has a market capitalization of $37.46 billion, a PE ratio of 109.74 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79. The stock’s 50-day moving average price is $50.61 and its 200 day moving average price is $50.65.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.172 dividend. The ex-dividend date of this dividend 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 presently 473.91%.

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.