Janney Montgomery Scott LLC Has $52.56 Million Position in JPMorgan Income ETF (NYSEARCA:JPIE)

Janney Montgomery Scott LLC grew its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 29.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,140,924 shares of the company’s stock after purchasing an additional 259,606 shares during the period. Janney Montgomery Scott LLC owned approximately 1.58% of JPMorgan Income ETF worth $52,562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JPIE. Cary Street Partners Financial LLC purchased a new stake in JPMorgan Income ETF in the 4th quarter worth about $28,385,000. Waverly Advisors LLC lifted its position in shares of JPMorgan Income ETF by 147.5% in the fourth quarter. Waverly Advisors LLC now owns 987,428 shares of the company’s stock worth $45,046,000 after purchasing an additional 588,453 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of JPMorgan Income ETF in the fourth quarter worth approximately $20,824,000. Cornerstone Advisory LLC boosted its holdings in shares of JPMorgan Income ETF by 425.6% during the fourth quarter. Cornerstone Advisory LLC now owns 491,865 shares of the company’s stock worth $22,577,000 after purchasing an additional 398,276 shares during the period. Finally, Bank of America Corp DE grew its position in JPMorgan Income ETF by 21.3% during the fourth quarter. Bank of America Corp DE now owns 1,851,098 shares of the company’s stock valued at $84,447,000 after purchasing an additional 324,852 shares in the last quarter.

JPMorgan Income ETF Trading Up 0.0%

JPMorgan Income ETF stock opened at $45.93 on Tuesday. JPMorgan Income ETF has a twelve month low of $45.01 and a twelve month high of $46.43. The firm’s 50 day moving average price is $45.76 and its two-hundred day moving average price is $45.82.

About JPMorgan Income ETF

The JPMorgan Income ETF (JPIE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund that allocates exposure among various fixed income markets and sectors. The fund seeks to provide yield with lower volatility and aims to generate monthly distributions.