JPMorgan Income ETF $JPIE is TPG Financial Advisors LLC’s Largest Position

TPG Financial Advisors LLC cut its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 3.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 405,387 shares of the company’s stock after selling 16,648 shares during the quarter. JPMorgan Income ETF accounts for 7.5% of TPG Financial Advisors LLC’s investment portfolio, making the stock its largest position. TPG Financial Advisors LLC owned about 0.44% of JPMorgan Income ETF worth $18,778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JPIE. Envestnet Asset Management Inc. increased its position in shares of JPMorgan Income ETF by 150.9% in the first quarter. Envestnet Asset Management Inc. now owns 871,971 shares of the company’s stock valued at $40,172,000 after buying an additional 524,416 shares in the last quarter. Williams Financial LLC acquired a new position in JPMorgan Income ETF in the 1st quarter valued at $18,353,000. Sequoia Financial Advisors LLC raised its stake in JPMorgan Income ETF by 21.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,159,182 shares of the company’s stock valued at $99,474,000 after purchasing an additional 377,406 shares during the last quarter. Obsidian Personal Planning Solutions LLC acquired a new position in JPMorgan Income ETF in the 1st quarter valued at $12,841,000. Finally, Cary Street Partners Financial LLC raised its stake in JPMorgan Income ETF by 43.1% in the 1st quarter. Cary Street Partners Financial LLC now owns 890,293 shares of the company’s stock valued at $41,016,000 after purchasing an additional 268,092 shares during the last quarter.

JPMorgan Income ETF Price Performance

NYSEARCA JPIE opened at $46.22 on Wednesday. The business has a fifty day moving average price of $46.37 and a 200 day moving average price of $46.05. JPMorgan Income ETF has a one year low of $45.01 and a one year high of $46.57.

JPMorgan Income ETF Profile

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.