Royal Bank of Canada increased its holdings in JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,287,927 shares of the company’s stock after acquiring an additional 123,329 shares during the quarter. Royal Bank of Canada’s holdings in JPMorgan Income ETF were worth $105,405,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Huntington National Bank purchased a new stake in JPMorgan Income ETF during the 4th quarter worth approximately $26,000. Rice Partnership LLC acquired a new position in shares of JPMorgan Income ETF in the 1st quarter valued at approximately $30,000. Imprint Wealth LLC acquired a new position in shares of JPMorgan Income ETF in the 3rd quarter valued at approximately $33,000. Torren Management LLC purchased a new position in shares of JPMorgan Income ETF during the 1st quarter valued at approximately $34,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of JPMorgan Income ETF during the 4th quarter valued at approximately $35,000.
JPMorgan Income ETF Price Performance
JPIE stock opened at $45.84 on Friday. JPMorgan Income ETF has a twelve month low of $45.73 and a twelve month high of $46.61. The firm has a 50 day simple moving average of $45.92 and a 200-day simple moving average of $46.11.
About JPMorgan Income ETF
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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