Freedom Financial Partners LLC Raises Stake in JPMorgan Ultra-Short Income ETF $JPST

Freedom Financial Partners LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 36.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46,456 shares of the company’s stock after buying an additional 12,321 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 0.9% of Freedom Financial Partners LLC’s portfolio, making the stock its 26th largest position. Freedom Financial Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $2,350,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after buying an additional 7,786,258 shares during the period. Temasek Holdings Private Ltd bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $300,296,000. Bank of America Corp DE grew its stake in JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after buying an additional 2,162,615 shares in the last quarter. RiverFront Investment Group LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 941.7% in the second quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after acquiring an additional 1,138,031 shares during the period. Finally, Foster Dykema Cabot & Partners LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 42.2% during the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock valued at $193,336,000 after purchasing an additional 1,132,264 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

Shares of NYSEARCA JPST opened at $50.55 on Friday. The business has a 50-day simple moving average of $50.66 and a two-hundred day simple moving average of $50.67. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79. The company has a market cap of $36.28 billion, a P/E ratio of 109.89 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a $0.1648 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%. 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.