D Orazio & Associates Inc. bought a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) during the third quarter, HoldingsChannel reports. The fund bought 1,064,683 shares of the company’s stock, valued at approximately $47,794,000. JPMorgan Income ETF makes up about 5.3% of D Orazio & Associates Inc.’s portfolio, making the stock its 2nd largest holding.
Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc increased its holdings in JPMorgan Income ETF by 254.7% in the 3rd quarter. IFP Advisors Inc now owns 46,720 shares of the company’s stock worth $2,097,000 after purchasing an additional 33,549 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of JPMorgan Income ETF by 11.7% during the second quarter. Sequoia Financial Advisors LLC now owns 7,131,321 shares of the company’s stock valued at $328,397,000 after purchasing an additional 747,797 shares in the last quarter. William Mack & Associates Inc. boosted its stake in shares of JPMorgan Income ETF by 82.9% during the second quarter. William Mack & Associates Inc. now owns 50,476 shares of the company’s stock valued at $2,324,000 after purchasing an additional 22,882 shares in the last quarter. Kintra Wealth LLC boosted its stake in shares of JPMorgan Income ETF by 47.1% during the second quarter. Kintra Wealth LLC now owns 848,974 shares of the company’s stock valued at $38,951,000 after purchasing an additional 271,777 shares in the last quarter. Finally, Beaumont Financial Advisors LLC grew its holdings in shares of JPMorgan Income ETF by 205.3% during the third quarter. Beaumont Financial Advisors LLC now owns 203,808 shares of the company’s stock worth $9,149,000 after purchasing an additional 137,052 shares during the last quarter.
JPMorgan Income ETF Stock Down 0.4%
JPMorgan Income ETF stock opened at $45.04 on Wednesday. The business has a 50 day moving average of $45.11 and a 200-day moving average of $45.82. JPMorgan Income ETF has a 1 year low of $44.58 and a 1 year 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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