Palladiem LLC bought a new position in shares of JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm bought 15,290 shares of the company’s stock, valued at approximately $708,000. JPMorgan Income ETF accounts for 0.7% of Palladiem LLC’s holdings, making the stock its 21st largest holding.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPIE. Sequoia Financial Advisors LLC boosted its position in JPMorgan Income ETF by 21.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock worth $258,861,000 after purchasing an additional 982,593 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of JPMorgan Income ETF by 52.5% in the third quarter. Envestnet Asset Management Inc. now owns 2,438,090 shares of the company’s stock worth $113,152,000 after buying an additional 839,269 shares in the last quarter. Williams Financial LLC lifted its holdings in shares of JPMorgan Income ETF by 131.0% in the fourth quarter. Williams Financial LLC now owns 1,053,702 shares of the company’s stock worth $48,776,000 after buying an additional 597,595 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Income ETF by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 7,429,426 shares of the company’s stock worth $344,800,000 after buying an additional 578,800 shares in the last quarter. Finally, Heritage Financial Services LLC lifted its holdings in shares of JPMorgan Income ETF by 23.6% in the fourth quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock worth $131,863,000 after buying an additional 543,246 shares in the last quarter.
JPMorgan Income ETF Price Performance
Shares of JPMorgan Income ETF stock opened at $45.85 on Friday. JPMorgan Income ETF has a 12-month low of $45.76 and a 12-month high of $46.61. The company’s 50-day moving average price is $46.03 and its 200-day moving average price is $46.23.
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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.
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