IRON Financial LLC Makes New $1.41 Million Investment in JPMorgan Ultra-Short Income ETF $JPST

IRON Financial LLC acquired a new position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,861 shares of the company’s stock, valued at approximately $1,409,000.

A number of other institutional investors also recently made changes to their positions in JPST. Bfsg LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 2.5% during the 4th quarter. Bfsg LLC now owns 232,577 shares of the company’s stock valued at $11,766,000 after purchasing an additional 5,743 shares during the last quarter. Encompass Wealth Advisors LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 3.7% in the fourth quarter. Encompass Wealth Advisors LLC now owns 225,073 shares of the company’s stock worth $11,386,000 after purchasing an additional 7,940 shares during the last quarter. Flagship Capital Management Inc. purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $3,088,000. Fiduciary Alliance LLC boosted its position in JPMorgan Ultra-Short Income ETF by 5.3% during the fourth quarter. Fiduciary Alliance LLC now owns 9,300 shares of the company’s stock valued at $471,000 after buying an additional 471 shares during the period. Finally, Phoenix Wealth Advisors grew its stake in shares of JPMorgan Ultra-Short Income ETF by 3.6% during the fourth quarter. Phoenix Wealth Advisors now owns 646,548 shares of the company’s stock valued at $32,709,000 after buying an additional 22,687 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

JPST opened at $50.50 on Friday. The company has a market cap of $37.47 billion, a P/E ratio of 109.78 and a beta of 0.01. The business’s 50-day moving average price is $50.60 and its 200-day moving average price is $50.65. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.31 and a 12 month high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a dividend of $0.172 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is presently 473.91%.

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.