Sequoia Financial Advisors LLC Raises Holdings in JPMorgan Income ETF $JPIE

Sequoia Financial Advisors LLC boosted its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 71.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,609,570 shares of the company’s stock after buying an additional 1,914,053 shares during the period. JPMorgan Income ETF accounts for about 1.3% of Sequoia Financial Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Sequoia Financial Advisors LLC owned approximately 3.72% of JPMorgan Income ETF worth $213,930,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC lifted its stake in shares of JPMorgan Income ETF by 3.1% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 9,548 shares of the company’s stock worth $442,000 after purchasing an additional 289 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in JPMorgan Income ETF by 26.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $76,000 after purchasing an additional 343 shares in the last quarter. Independent Wealth Network Inc. lifted its position in shares of JPMorgan Income ETF by 2.6% during the third quarter. Independent Wealth Network Inc. now owns 13,856 shares of the company’s stock valued at $643,000 after buying an additional 346 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of JPMorgan Income ETF by 6.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 6,656 shares of the company’s stock valued at $308,000 after buying an additional 393 shares in the last quarter. Finally, Altus Wealth Management LLC grew its position in shares of JPMorgan Income ETF by 1.1% in the 2nd quarter. Altus Wealth Management LLC now owns 40,201 shares of the company’s stock worth $1,862,000 after buying an additional 419 shares during the last quarter.

JPMorgan Income ETF Trading Up 0.0%

NYSEARCA JPIE opened at $46.36 on Friday. JPMorgan Income ETF has a 52 week low of $45.01 and a 52 week high of $46.57. The company has a 50 day moving average price of $46.35 and a 200 day moving average price of $46.32.

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.