Madrid Wealth Management LLC boosted its holdings in JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) by 45.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,053 shares of the company’s stock after acquiring an additional 14,907 shares during the quarter. JPMorgan Income ETF comprises approximately 1.6% of Madrid Wealth Management LLC’s portfolio, making the stock its 18th biggest holding. Madrid Wealth Management LLC’s holdings in JPMorgan Income ETF were worth $2,214,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of JPIE. Jones Financial Companies Lllp acquired a new position in shares of JPMorgan Income ETF during the 1st quarter worth $555,000. EverSource Wealth Advisors LLC lifted its stake in shares of JPMorgan Income ETF by 26.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $76,000 after purchasing an additional 343 shares during the period. NewEdge Advisors LLC boosted its holdings in JPMorgan Income ETF by 13.9% during the second quarter. NewEdge Advisors LLC now owns 149,989 shares of the company’s stock worth $6,948,000 after buying an additional 18,298 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in JPMorgan Income ETF by 21.1% during the second quarter. Raymond James Financial Inc. now owns 710,909 shares of the company’s stock worth $32,929,000 after buying an additional 123,935 shares in the last quarter. Finally, Vienna Asset Management LLC grew its position in JPMorgan Income ETF by 21.8% during the second quarter. Vienna Asset Management LLC now owns 43,197 shares of the company’s stock worth $2,001,000 after buying an additional 7,735 shares during the period.
JPMorgan Income ETF Stock Performance
Shares of JPIE opened at $46.07 on Friday. JPMorgan Income ETF has a twelve month low of $45.77 and a twelve month high of $46.61. The firm’s 50-day moving average is $46.02 and its two-hundred day moving average is $46.19.
JPMorgan Income ETF Company 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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.
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