FSM Wealth Advisors LLC Has $9.36 Million Position in JPMorgan Ultra-Short Income ETF $JPST

FSM Wealth Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 184,997 shares of the company’s stock after buying an additional 19,116 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up 1.3% of FSM Wealth Advisors LLC’s portfolio, making the stock its 20th largest position. FSM Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,359,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at about $25,000. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth approximately $25,000. MGB Wealth Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $30,000. Silicon Valley Capital Partners bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $37,000. Finally, American National Bank & Trust acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $38,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.50 on Monday. The firm has a market capitalization of $37.81 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. The business’s fifty day moving average price is $50.60 and its two-hundred day moving average price is $50.65. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.31 and a 52 week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.172 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 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.