Sandy Cove Advisors LLC Lowers Holdings in JPMorgan Ultra-Short Income ETF $JPST

Sandy Cove Advisors LLC decreased its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 94.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cardiff Park Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at $25,000. Jackson Hole Capital Partners LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $28,000. MGB Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at $30,000. TD Private Client Wealth LLC raised its stake in JPMorgan Ultra-Short Income ETF by 89.1% during the fourth quarter. TD Private Client Wealth LLC now owns 743 shares of the company’s stock valued at $38,000 after buying an additional 350 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST opened at $50.53 on Monday. The stock has a fifty day simple moving average of $50.53 and a two-hundred day simple moving average of $50.62. The stock has a market capitalization of $37.56 billion, a price-to-earnings ratio of 109.85 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.42 and a 12-month 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.