JPMorgan Income ETF $JPIE Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,429,426 shares of the company’s stock after acquiring an additional 578,800 shares during the quarter. JPMorgan Chase & Co. owned about 0.06% of JPMorgan Income ETF worth $344,800,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of JPIE. Sequoia Financial Advisors LLC grew its position in JPMorgan Income ETF by 71.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,609,570 shares of the company’s stock worth $213,930,000 after purchasing an additional 1,914,053 shares during the last quarter. Savant Capital LLC grew its holdings in shares of JPMorgan Income ETF by 10.2% during the third quarter. Savant Capital LLC now owns 3,538,263 shares of the company’s stock valued at $164,211,000 after buying an additional 328,043 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of 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 buying an additional 839,269 shares during the last quarter. Heritage Financial Services LLC increased its position in shares of JPMorgan Income ETF by 4.5% in the 3rd quarter. Heritage Financial Services LLC now owns 2,305,382 shares of the company’s stock valued at $106,993,000 after acquiring an additional 99,558 shares during the period. Finally, Bank of America Corp DE increased its position in shares of JPMorgan Income ETF by 15.7% in the 2nd quarter. Bank of America Corp DE now owns 2,164,650 shares of the company’s stock valued at $100,267,000 after acquiring an additional 293,600 shares during the period.

JPMorgan Income ETF Stock Down 0.0%

Shares of JPIE opened at $46.49 on Friday. The stock has a 50-day moving average of $46.40 and a two-hundred day moving average of $46.37. JPMorgan Income ETF has a one year low of $45.01 and a one year high of $46.57.

JPMorgan Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a dividend of $0.2036 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

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.