Sandy Cove Advisors LLC Reduces Stake in JPMorgan Ultra-Short Income ETF $JPST

Sandy Cove Advisors LLC lessened its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 94.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,848 shares of the company’s stock after selling 141,863 shares during the quarter. Sandy Cove Advisors LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $28,000. MGB Wealth Management LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at approximately $30,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at approximately $38,000. Finally, TD Private Client Wealth LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 89.1% in the 4th quarter. TD Private Client Wealth LLC now owns 743 shares of the company’s stock valued at $38,000 after purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST opened at $50.53 on Monday. The stock has a market cap of $37.56 billion, a PE ratio of 109.85 and a beta of 0.01. The business has a 50 day moving average of $50.53 and a 200-day moving average of $50.62. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.42 and a 52 week high of $50.79.

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.