NavPoint Financial Inc. lifted its position in JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) by 8.3% during the 1st quarter, HoldingsChannel reports. The firm owned 498,900 shares of the company’s stock after acquiring an additional 38,124 shares during the quarter. JPMorgan Income ETF accounts for about 9.3% of NavPoint Financial Inc.’s investment portfolio, making the stock its 2nd largest holding. NavPoint Financial Inc.’s holdings in JPMorgan Income ETF were worth $22,984,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in JPMorgan Income ETF during the 1st quarter valued at approximately $555,000. EverSource Wealth Advisors LLC raised its holdings in shares of JPMorgan Income ETF by 26.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $76,000 after acquiring an additional 343 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of JPMorgan Income ETF by 13.9% during the 2nd quarter. NewEdge Advisors LLC now owns 149,989 shares of the company’s stock valued at $6,948,000 after acquiring an additional 18,298 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of JPMorgan Income ETF by 21.1% during the 2nd quarter. Raymond James Financial Inc. now owns 710,909 shares of the company’s stock valued at $32,929,000 after acquiring an additional 123,935 shares during the last quarter. Finally, Vienna Asset Management LLC grew its holdings in shares of JPMorgan Income ETF by 21.8% in the second quarter. Vienna Asset Management LLC now owns 43,197 shares of the company’s stock valued at $2,001,000 after purchasing an additional 7,735 shares in the last quarter.
JPMorgan Income ETF Stock Performance
Shares of JPIE opened at $45.84 on Thursday. The company’s fifty day moving average is $46.00 and its 200 day moving average is $46.19. JPMorgan Income ETF has a fifty-two week low of $45.77 and a fifty-two week high of $46.61.
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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.
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