Sequoia Financial Advisors LLC Grows Position in JPMorgan Income ETF (NYSEARCA:JPIE)

Sequoia Financial Advisors LLC boosted its position in JPMorgan Income ETF (NYSEARCA:JPIE) by 21.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,159,182 shares of the company’s stock after acquiring an additional 377,406 shares during the quarter. JPMorgan Income ETF accounts for about 0.8% of Sequoia Financial Advisors LLC’s holdings, making the stock its 22nd biggest holding. Sequoia Financial Advisors LLC’s holdings in JPMorgan Income ETF were worth $99,474,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in JPMorgan Income ETF by 1.4% during the 4th quarter. JPMorgan Chase & Co. now owns 5,000,820 shares of the company’s stock worth $228,137,000 after buying an additional 70,930 shares during the last quarter. Bank of America Corp DE raised its position in shares of JPMorgan Income ETF by 21.3% during the 4th quarter. Bank of America Corp DE now owns 1,851,098 shares of the company’s stock worth $84,447,000 after acquiring an additional 324,852 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in JPMorgan Income ETF by 29.5% during the first quarter. Janney Montgomery Scott LLC now owns 1,140,924 shares of the company’s stock worth $52,562,000 after purchasing an additional 259,606 shares during the last quarter. Waverly Advisors LLC boosted its holdings in JPMorgan Income ETF by 147.5% in the fourth quarter. Waverly Advisors LLC now owns 987,428 shares of the company’s stock valued at $45,046,000 after purchasing an additional 588,453 shares in the last quarter. Finally, D Orazio & Associates Inc. boosted its holdings in JPMorgan Income ETF by 3.8% in the first quarter. D Orazio & Associates Inc. now owns 825,134 shares of the company’s stock valued at $38,014,000 after purchasing an additional 30,104 shares in the last quarter.

JPMorgan Income ETF Trading Up 0.0%

Shares of JPMorgan Income ETF stock opened at $46.21 on Thursday. JPMorgan Income ETF has a 52 week low of $45.01 and a 52 week high of $46.43. The firm’s 50 day moving average is $45.86 and its two-hundred day moving average is $45.83.

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.