Focus Financial Network Inc. Has $3.53 Million Stock Holdings in JPMorgan Ultra-Short Income ETF $JPST

Focus Financial Network Inc. decreased its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,586 shares of the company’s stock after selling 23,336 shares during the period. Focus Financial Network Inc.’s holdings in JPMorgan Ultra-Short Income ETF were worth $3,533,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JPST. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth $25,000. Cardiff Park Advisors LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at $25,000. MGB Wealth Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $30,000. Brentview Investment Management LLC bought a new stake in JPMorgan Ultra-Short Income ETF during the 2nd quarter worth $35,000. Finally, Silicon Valley Capital Partners bought a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST stock opened at $50.56 on Thursday. The stock has a 50-day moving average of $50.65 and a 200-day moving average of $50.66. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.79. The stock has a market cap of $36.28 billion, a price-to-earnings ratio of 109.91 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.172 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is 478.26%.

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.