Beam Wealth Advisors Inc. raised its position in shares of JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 341,266 shares of the company’s stock after buying an additional 31,782 shares during the period. JPMorgan Income ETF comprises 3.3% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 6th biggest position. Beam Wealth Advisors Inc.’s holdings in JPMorgan Income ETF were worth $15,319,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. StoneX Group Inc. acquired a new position in shares of JPMorgan Income ETF in the 3rd quarter worth approximately $893,000. Birchwood Financial Partners Inc. grew its position in JPMorgan Income ETF by 1.6% during the 3rd quarter. Birchwood Financial Partners Inc. now owns 20,916 shares of the company’s stock worth $939,000 after acquiring an additional 337 shares during the last quarter. Kestra Advisory Services LLC grew its position in JPMorgan Income ETF by 36.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 537,286 shares of the company’s stock worth $24,119,000 after acquiring an additional 144,913 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in JPMorgan Income ETF during the 3rd quarter worth approximately $16,812,000. Finally, Ascent Group LLC increased its holdings in JPMorgan Income ETF by 15.6% during the 3rd quarter. Ascent Group LLC now owns 9,964 shares of the company’s stock valued at $447,000 after purchasing an additional 1,344 shares in the last quarter.
JPMorgan Income ETF Price Performance
JPIE stock opened at $45.18 on Friday. The business has a fifty day moving average price of $45.14 and a 200 day moving average price of $45.83. JPMorgan Income ETF has a fifty-two week low of $44.58 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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