Cetera Investment Advisers Increases Stake in JPMorgan Income ETF $JPIE

Cetera Investment Advisers grew its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 82.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 405,877 shares of the company’s stock after purchasing an additional 183,957 shares during the period. Cetera Investment Advisers owned about 0.44% of JPMorgan Income ETF worth $18,800,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPIE. Bartlett & CO. Wealth Management LLC acquired a new position in shares of JPMorgan Income ETF in the 2nd quarter valued at $121,000. CWM LLC purchased a new position in JPMorgan Income ETF in the first quarter valued at $130,000. Ameritas Advisory Services LLC purchased a new position in JPMorgan Income ETF in the second quarter valued at $167,000. GWN Securities Inc. acquired a new position in shares of JPMorgan Income ETF in the second quarter worth about $202,000. Finally, Novem Group purchased a new stake in shares of JPMorgan Income ETF during the 2nd quarter worth about $209,000.

JPMorgan Income ETF Stock Performance

NYSEARCA:JPIE opened at $46.26 on Wednesday. JPMorgan Income ETF has a 52 week low of $45.01 and a 52 week high of $46.57. The stock’s 50-day moving average price is $46.35 and its 200-day moving average price is $46.18.

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.