JPMorgan Ultra-Short Income ETF $JPST is Frisch Financial Group Inc.’s Largest Position

Frisch Financial Group Inc. lessened its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 590,925 shares of the company’s stock after selling 13,753 shares during the period. JPMorgan Ultra-Short Income ETF accounts for approximately 7.0% of Frisch Financial Group Inc.’s holdings, making the stock its biggest position. Frisch Financial Group Inc. owned 0.09% of JPMorgan Ultra-Short Income ETF worth $29,978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after buying an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in JPMorgan Ultra-Short Income ETF in the first quarter worth $3,603,000. Cullen Frost Bankers Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 75.4% in the second quarter. Cullen Frost Bankers Inc. now owns 949 shares of the company’s stock worth $48,000 after acquiring an additional 408 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 23.9% in the second quarter. D.A. Davidson & CO. now owns 339,905 shares of the company’s stock worth $17,226,000 after acquiring an additional 65,504 shares during the last quarter. Finally, Brookstone Capital Management increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 71.7% during the second quarter. Brookstone Capital Management now owns 30,110 shares of the company’s stock valued at $1,526,000 after acquiring an additional 12,576 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.72 on Friday. The firm has a market cap of $36.40 billion, a PE ratio of 110.26 and a beta of 0.01. The stock has a 50-day moving average price of $50.68 and a 200-day moving average price of $50.67. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders 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 yield of 4.1%. JPMorgan Ultra-Short Income ETF’s payout ratio 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.