Hicks Capital Management LLC acquired a new stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,388 shares of the company’s stock, valued at approximately $573,000. JPMorgan Income ETF makes up 0.6% of Hicks Capital Management LLC’s investment portfolio, making the stock its 27th biggest position.
A number of other institutional investors also recently added to or reduced their stakes in JPIE. Sequoia Financial Advisors LLC boosted its holdings in JPMorgan Income ETF by 71.0% during the third quarter. Sequoia Financial Advisors LLC now owns 4,609,570 shares of the company’s stock valued at $213,930,000 after purchasing an additional 1,914,053 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in JPMorgan Income ETF by 52.5% during the third quarter. Envestnet Asset Management Inc. now owns 2,438,090 shares of the company’s stock valued at $113,152,000 after purchasing an additional 839,269 shares in the last quarter. Williams Financial LLC boosted its holdings in JPMorgan Income ETF by 131.0% during the fourth quarter. Williams Financial LLC now owns 1,053,702 shares of the company’s stock valued at $48,776,000 after purchasing an additional 597,595 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in JPMorgan Income ETF by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 7,429,426 shares of the company’s stock valued at $344,800,000 after purchasing an additional 578,800 shares in the last quarter. Finally, Heritage Financial Services LLC boosted its holdings in JPMorgan Income ETF by 23.6% during the fourth quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock valued at $131,863,000 after purchasing an additional 543,246 shares in the last quarter.
JPMorgan Income ETF Price Performance
NYSEARCA JPIE opened at $45.86 on Monday. The stock’s 50 day moving average is $46.07 and its two-hundred day moving average is $46.26. JPMorgan Income ETF has a 1-year low of $45.75 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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