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

Flavin Financial Services Inc. increased its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 109.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,845 shares of the company’s stock after purchasing an additional 88,637 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up approximately 6.1% of Flavin Financial Services Inc.’s holdings, making the stock its largest holding. Flavin Financial Services Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,616,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Sandy Cove Advisors LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 3,571.4% in the third quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock worth $7,646,000 after acquiring an additional 146,606 shares during the period. AE Wealth Management LLC increased its position in JPMorgan Ultra-Short Income ETF by 3.9% during the 3rd quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock valued at $17,072,000 after purchasing an additional 12,743 shares during the period. Beacon Financial Advisory LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 13.0% in the 3rd quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after purchasing an additional 12,895 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $3,946,000. Finally, Allen Capital Group LLC raised its stake in JPMorgan Ultra-Short Income ETF by 16.1% in the third quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock worth $12,767,000 after buying an additional 34,921 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

Shares of JPST opened at $50.56 on Monday. The company has a 50-day simple moving average of $50.68 and a two-hundred day simple moving average of $50.67. The firm has a market capitalization of $36.28 billion, a PE ratio of 109.91 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one 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, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1648 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) 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.