Cadent Capital Advisors LLC purchased a new position in JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 266,483 shares of the company’s stock, valued at approximately $11,962,000. JPMorgan Income ETF accounts for approximately 2.6% of Cadent Capital Advisors LLC’s investment portfolio, making the stock its 9th biggest position.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its holdings in shares of JPMorgan Income ETF by 1,680.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock valued at $52,399,000 after purchasing an additional 1,068,410 shares during the period. Arkadios Wealth Advisors grew its stake in shares of JPMorgan Income ETF by 301.2% in the 1st quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock valued at $55,424,000 after buying an additional 903,176 shares during the period. Sequoia Financial Advisors LLC increased its position in JPMorgan Income ETF by 14.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock valued at $294,089,000 after buying an additional 791,361 shares in the last quarter. Leverty Financial Group LLC increased its position in JPMorgan Income ETF by 335.8% in the 3rd quarter. Leverty Financial Group LLC now owns 977,616 shares of the company’s stock valued at $43,885,000 after buying an additional 753,292 shares in the last quarter. Finally, Resonant Capital Advisors LLC acquired a new position in JPMorgan Income ETF during the 1st quarter worth approximately $24,987,000.
JPMorgan Income ETF Trading Down 0.1%
JPMorgan Income ETF stock traded down $0.04 during mid-day trading on Friday, reaching $44.81. The stock had a trading volume of 528,533 shares, compared to its average volume of 1,511,004. JPMorgan Income ETF has a fifty-two week low of $44.58 and a fifty-two week high of $46.61. The stock’s 50-day simple moving average is $45.49 and its 200-day simple moving average is $45.80.
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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