Sandbox Financial Partners LLC Acquires 3,659 Shares of JPMorgan Ultra-Short Income ETF $JPST

Sandbox Financial Partners LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 171,315 shares of the company’s stock after acquiring an additional 3,659 shares during the quarter. JPMorgan Ultra-Short Income ETF makes up about 2.7% of Sandbox Financial Partners LLC’s portfolio, making the stock its 11th biggest holding. Sandbox Financial Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $8,682,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Chelsea Counsel Co. acquired a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $25,000. Pandora Wealth Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $34,000. Cooksen Wealth LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $36,000. Opal Wealth Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $68,000. Finally, Sunbelt Securities Inc. lifted its holdings in JPMorgan Ultra-Short Income ETF by 58.9% during the 1st quarter. Sunbelt Securities Inc. now owns 1,433 shares of the company’s stock worth $73,000 after purchasing an additional 531 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

NYSEARCA:JPST opened at $50.69 on Tuesday. The stock has a market cap of $32.37 billion, a P/E ratio of 110.20 and a beta of 0.03. The stock has a 50 day simple moving average of $50.62 and a 200 day simple moving average of $50.55. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.75.

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.