JPMorgan Income ETF $JPIE Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management trimmed its stake in JPMorgan Income ETF (NYSEARCA:JPIE) by 5.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 50,454 shares of the company’s stock after selling 2,917 shares during the quarter. Financial Advocates Investment Management’s holdings in JPMorgan Income ETF were worth $2,337,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Hicks Capital Management LLC acquired a new stake in shares of JPMorgan Income ETF in the second quarter valued at approximately $533,000. Wagner Wealth Management LLC boosted its position in shares of JPMorgan Income ETF by 3.6% during the second quarter. Wagner Wealth Management LLC now owns 656,341 shares of the company’s stock worth $30,402,000 after buying an additional 22,587 shares during the period. Altus Wealth Management LLC grew its holdings in JPMorgan Income ETF by 1.1% in the 2nd quarter. Altus Wealth Management LLC now owns 40,201 shares of the company’s stock worth $1,862,000 after buying an additional 419 shares in the last quarter. Focus Partners Wealth increased its position in JPMorgan Income ETF by 72.6% in the 1st quarter. Focus Partners Wealth now owns 99,990 shares of the company’s stock valued at $4,607,000 after acquiring an additional 42,063 shares during the period. Finally, Forefront Wealth Management Inc. acquired a new position in JPMorgan Income ETF during the 2nd quarter worth $2,996,000.

JPMorgan Income ETF Price Performance

Shares of JPIE opened at $46.41 on Tuesday. JPMorgan Income ETF has a one year low of $45.01 and a one year high of $46.57. The stock’s fifty day moving average is $46.34 and its 200-day moving average is $46.20.

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.