StoneX Group Inc. bought a new stake in JPMorgan Income ETF (NYSEARCA:JPIE – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,714 shares of the company’s stock, valued at approximately $893,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Rice Partnership LLC acquired a new position in JPMorgan Income ETF during the first quarter valued at $30,000. MADDEN SECURITIES Corp acquired a new stake in JPMorgan Income ETF during the 3rd quarter worth about $31,000. Kings Path Partners LLC acquired a new stake in JPMorgan Income ETF during the 3rd quarter worth about $62,000. GK Wealth Management LLC acquired a new stake in JPMorgan Income ETF during the 3rd quarter worth about $67,000. Finally, NFSG Corp grew its stake in JPMorgan Income ETF by 141.4% during the 3rd quarter. NFSG Corp now owns 1,859 shares of the company’s stock valued at $83,000 after acquiring an additional 1,089 shares in the last quarter.
JPMorgan Income ETF Stock Down 0.4%
NYSEARCA:JPIE opened at $45.04 on Wednesday. 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 moving average is $45.11 and its two-hundred day moving average is $45.82.
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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