Greenberg Financial Group Makes New $1.54 Million Investment in JPMorgan Ultra-Short Income ETF $JPST

Greenberg Financial Group bought a new position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,520 shares of the company’s stock, valued at approximately $1,544,000.

Other hedge funds have also modified their holdings of the company. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $25,000. Rossmore Private Capital purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $25,000. MGB Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $30,000. Silicon Valley Capital Partners purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $37,000. Finally, American National Bank & Trust purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $38,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST opened at $50.49 on Thursday. The firm has a market cap of $37.46 billion, a PE ratio of 109.76 and a beta of 0.01. The company’s 50 day simple moving average is $50.61 and its 200-day simple moving average is $50.65. 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 firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.172 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 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.