Focus Financial Network Inc. lowered its stake in JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) by 16.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 149,465 shares of the company’s stock after selling 29,151 shares during the quarter. Focus Financial Network Inc.’s holdings in JPMorgan Income ETF were worth $6,709,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its stake in shares of JPMorgan Income ETF by 1,680.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock worth $52,399,000 after buying an additional 1,068,410 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in JPMorgan Income ETF by 301.2% during the first quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock valued at $55,424,000 after buying an additional 903,176 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in JPMorgan Income ETF by 14.2% in the first quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock worth $294,089,000 after buying an additional 791,361 shares in the last quarter. Leverty Financial Group LLC raised its position in shares of JPMorgan Income ETF by 335.8% during the 3rd quarter. Leverty Financial Group LLC now owns 977,616 shares of the company’s stock valued at $43,885,000 after purchasing an additional 753,292 shares during the period. Finally, Resonant Capital Advisors LLC purchased a new stake in shares of JPMorgan Income ETF during the first quarter worth about $24,987,000.
JPMorgan Income ETF Price Performance
NYSEARCA JPIE opened at $44.80 on Wednesday. The stock’s 50 day moving average is $45.43 and its 200 day moving average is $45.78. JPMorgan Income ETF has a 12 month low of $44.58 and a 12 month 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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